4//SEC Filing
FISCHER MARCELO 4
Accession 0000950170-24-108330
CIK 0001005731other
Filed
Sep 19, 8:00 PM ET
Accepted
Sep 20, 1:41 PM ET
Size
7.7 KB
Accession
0000950170-24-108330
Insider Transaction Report
Form 4
IDT CORPIDT
FISCHER MARCELO
Chief Financial Officer
Transactions
- Award
Deferred Stock Units
2024-09-18+15,624→ 15,624 totalExp: 2027-10-15→ Class B Common Stock (15,624 underlying)
Holdings
- 3,120(indirect: By 401(k))
Class B Common Stock, par value $.01 per share
- 38,596
Class B Common Stock, par value $.01 per share
Footnotes (3)
- [F1]Consists of 12,677 fully vested shares of Restricted Stock and 25,919 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").
- [F2]As of August 30, 2024
- [F3]Represents a grant of 15,624 deferred stock units ("DSUs"). Each DSU is the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock. Vesting is in thirds on each of October 15, 2025, 2026 and 2027. The number of shares that will actually vest for each DSU depends on the market price for the Class B common stock as of the relevant vesting date. 1/2 of a share will be issued for each DSU if the market price on the vesting date is less than $19.20 (50% of the grant date value of a share of Class B common stock) and 2 shares will be issued for each DSU if the market price on the vesting date is $76.80 (200% of the grant date value) or greater, with a proportionate amount to vest based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 7,812 and 31,248 shares of Class B common stock.
Documents
Issuer
IDT CORP
CIK 0001005731
Entity typeother
Related Parties
1- filerCIK 0001228166
Filing Metadata
- Form type
- 4
- Filed
- Sep 19, 8:00 PM ET
- Accepted
- Sep 20, 1:41 PM ET
- Size
- 7.7 KB