ELAINE CHENG - 03 Feb 2025 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Signature
Christopher E French Attorney in Fact for Elaine Cheng
Issuer symbol
SHEN
Transactions as of
03 Feb 2025
Net transactions value
-$12,938
Form type
4
Filing time
05 Feb 2025, 12:32:57 UTC
Previous filing
11 Oct 2024
Next filing
20 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Award $0 +3,385 +22% $0.000000 18,964 03 Feb 2025 Direct F1
transaction SHEN Common Stock Tax liability $12,938 -1,198 -6.3% $10.80 17,766 03 Feb 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the vesting of Strategic Retention Performance Share Units granted September 20, 2022. Performance for this award was measured based on the number of Fiber-To-The-Home passings, capital expenditures per incremental passings, and Adjusted Earnings Before Interest Taxes Depreciation and Amortization for the three-year period ending December 31, 2024.