James J. Volk - Feb 22, 2025 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
SVP Finance & CFO
Signature
/s/ Christopher E French Attorney in Fact for James J Volk Sr
Stock symbol
SHEN
Transactions as of
Feb 22, 2025
Transactions value $
$0
Form type
4
Date filed
2/24/2025, 04:22 PM
Previous filing
Feb 20, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +16K +36.68% 59.8K Feb 20, 2025 Direct F1
holding SHEN Common Stock 5.45K Feb 22, 2025 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SHEN Restricted Stock Unit Options Exercise $0 -2.91K -3.85% $0.00 72.5K Feb 20, 2025 Common Stock 2.91K Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -3.84K -5.3% $0.00 68.6K Feb 20, 2025 Common Stock 3.84K Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -4.78K -6.96% $0.00 63.9K Feb 20, 2025 Common Stock 4.78K Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -4.52K -7.07% $0.00 59.4K Feb 20, 2025 Common Stock 4.52K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock.
F2 The restricted stock unit award vests 10% in February 2022, and then 30% each in February 2023, February 2024, and February 2025. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.
F3 The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.