ELAINE CHENG - 16 Feb 2023 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP & Chief Information Officer
Signature
Christopher E French Attorney in Fact for Elaine Cheng
Issuer symbol
SHEN
Transactions as of
16 Feb 2023
Net transactions value
-$35,937
Form type
4
Filing time
21 Feb 2023, 09:22:56 UTC
Previous filing
03 Feb 2023
Next filing
23 Feb 2023
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 +5,442 +112% 10,315 16 Feb 2023 Direct F1
transaction SHEN Common Stock Tax liability $35,937 -1,863 -18% $19.29 8,452 16 Feb 2023 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 -688 -4.2% $0.000000 15,861 16 Feb 2023 Common Stock 688 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -685 -4.3% $0.000000 15,176 16 Feb 2023 Common Stock 685 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -1,788 -12% $0.000000 13,388 16 Feb 2023 Common Stock 1,788 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -2,281 -17% $0.000000 11,107 16 Feb 2023 Common Stock 2,281 Direct F1, F2
* 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 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.
F3 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.