DEREK RIEGER - 20 Feb 2025 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP Legal/Gen Counsel & Sec
Signature
/s/ Christopher E French Attorney in Fact for Derek Rieger
Issuer symbol
SHEN
Transactions as of
20 Feb 2025
Net transactions value
-$17,683
Form type
4
Filing time
24 Feb 2025, 16:34:24 UTC
Previous filing
20 Feb 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 +4,527 +89% 9,594 20 Feb 2025 Direct F1
transaction SHEN Common Stock Tax liability $17,683 -1,496 -16% $11.82 8,098 20 Feb 2025 Direct

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 -348 -1.5% $0.000000 23,161 20 Feb 2025 Common Stock 348 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -1,168 -5% $0.000000 21,993 20 Feb 2025 Common Stock 1,168 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -1,558 -7.1% $0.000000 20,435 20 Feb 2025 Common Stock 1,558 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -1,453 -7.1% $0.000000 18,982 20 Feb 2025 Common Stock 1,453 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.