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

Role
President & CEO
Signature
Christopher E French
Issuer symbol
SHEN
Transactions as of
15 Feb 2024
Net transactions value
-$164,117
Form type
4
Filing time
20 Feb 2024, 08:44:06 UTC
Previous filing
15 Feb 2024
Next filing
28 Feb 2024
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 +30,101 +10% 317,102 15 Feb 2024 Direct F2
transaction SHEN Common Stock Tax liability $164,117 -8,352 -2.6% $19.65 308,750 15 Feb 2024 Direct
holding SHEN Common Stock 64,629 15 Feb 2024 By Spouse
holding SHEN Common Stock 37,796 15 Feb 2024 By Son
holding SHEN Common Stock 136,928 15 Feb 2024 TTEE French Grandchildren Trust F1
holding SHEN Common Stock 167,104 15 Feb 2024 TTEE U/A WBF fbo Grandchildren F1
holding SHEN Common Stock 134,806 15 Feb 2024 TTEE WBF fbo Cynthia F1
holding SHEN Common Stock 345,000 15 Feb 2024 By Son as TTEE of French Family Trust F1
holding SHEN Common Stock 339,966 15 Feb 2024 TTEE WBF fbo Anne F1
holding SHEN Common Stock 339,966 15 Feb 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 -4,876 -3.9% $0.000000 121,417 15 Feb 2024 Common Stock 4,876 Direct F2, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -6,480 -5.3% $0.000000 114,937 15 Feb 2024 Common Stock 6,480 Direct F2, F4
transaction SHEN Restricted Stock Unit Options Exercise $0 -7,786 -6.8% $0.000000 107,151 15 Feb 2024 Common Stock 7,786 Direct F2, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -10,959 -10% $0.000000 96,192 15 Feb 2024 Common Stock 10,959 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.