Christopher E. French - Feb 15, 2024 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
President & CEO
Signature
Christopher E French
Stock symbol
SHEN
Transactions as of
Feb 15, 2024
Transactions value $
-$164,117
Form type
4
Date filed
2/20/2024, 08:44 AM
Previous filing
Feb 15, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +30.1K +10.49% 317K Feb 15, 2024 Direct F2
transaction SHEN Common Stock Tax liability -$164K -8.35K -2.63% $19.65 309K Feb 15, 2024 Direct
holding SHEN Common Stock 64.6K Feb 15, 2024 By Spouse
holding SHEN Common Stock 37.8K Feb 15, 2024 By Son
holding SHEN Common Stock 137K Feb 15, 2024 TTEE French Grandchildren Trust F1
holding SHEN Common Stock 167K Feb 15, 2024 TTEE U/A WBF fbo Grandchildren F1
holding SHEN Common Stock 135K Feb 15, 2024 TTEE WBF fbo Cynthia F1
holding SHEN Common Stock 345K Feb 15, 2024 By Son as TTEE of French Family Trust F1
holding SHEN Common Stock 340K Feb 15, 2024 TTEE WBF fbo Anne F1
holding SHEN Common Stock 340K Feb 15, 2024 TTEE WBF fbo Christopher F1

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 -4.88K -3.86% $0.00 121K Feb 15, 2024 Common Stock 4.88K Direct F2, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -6.48K -5.34% $0.00 115K Feb 15, 2024 Common Stock 6.48K Direct F2, F4
transaction SHEN Restricted Stock Unit Options Exercise $0 -7.79K -6.77% $0.00 107K Feb 15, 2024 Common Stock 7.79K Direct F2, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -11K -10.23% $0.00 96.2K Feb 15, 2024 Common Stock 11K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock.
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.
F4 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.