0000950170-24-019267.txt : 20240223 0000950170-24-019267.hdr.sgml : 20240223 20240223142052 ACCESSION NUMBER: 0000950170-24-019267 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240221 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MASON JOYCE J CENTRAL INDEX KEY: 0001228153 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16371 FILM NUMBER: 24670125 MAIL ADDRESS: STREET 1: IDT CORP STREET 2: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 4 1 ownership.xml 4 X0508 4 2024-02-21 0001005731 IDT CORP IDT 0001228153 MASON JOYCE J C/O IDT CORPORATION 520 BROAD STREET NEWARK NJ 07102 false true false false EVP and Corporate Secretary false Class B Common Stock, par value $.01 per share 2024-02-21 4 M false 1650 35.625 A 39244 D Class B Common Stock, par value $.01 per share 2024-02-21 4 F false 748 35.625 D 38496 D Class B Common Stock, $.01 par value per share 13130 I By Self for Husband Class B Common Stock, $.01 par value per share 19659 I By Self for Son Class B Common Stock, $.01 par value per share 4577 I By 401(k) Plan Deferred Stock Units 2024-02-21 4 M false 1200 0 D Class B Common Stock 1200 2400 D Of the 2,400 deferred stock units ("DSUs") that were eligible to vest on February 21, 2024, the Reporting Person elected to vest 1,200 DSUs on February 21, 2024 and to roll 1,200 DSUs to the next vesting date of February 25, 2025. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 21, 2024 vesting date, each DSU that vested entitled the Reporting Person to receive 1.375 shares of Class B common stock. Consists of 10,566 shares of Class B common stock issued upon the vesting of DSUs, 7,075 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 20,207 shares held by the Reporting Person directly. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs. Consists of 9,818 shares of Class B common stock issued upon the vesting of DSUs, 7,075 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 20,207 shares held by the Reporting Person directly. As of January 31, 2024. Represents 3,600 DSUs vesting two-thirds on 2/21/2024 and one-third on 2/25/2025, with the recipient having partially deferred vesting on 2/21/2024 to 2/25/2025. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 1,800 and 7,200 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i)the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date. Joyce J. Mason 2024-02-23