Edward H. McKay - 15 Feb 2024 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
Executive VP & COO
Signature
Edward H McKay
Issuer symbol
SHEN
Transactions as of
15 Feb 2024
Net transactions value
-$83,925
Form type
4
Filing time
20 Feb 2024, 08:52:14 UTC
Previous filing
15 Feb 2024
Next filing
07 May 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 +13,154 +27% 61,222 15 Feb 2024 Direct F1
transaction SHEN Common Stock Tax liability $83,925 -4,271 -7% $19.65 56,951 15 Feb 2024 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 -912 -1.5% $0.000000 60,013 15 Feb 2024 Common Stock 912 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -2,980 -5% $0.000000 57,033 15 Feb 2024 Common Stock 2,980 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -4,031 -7.1% $0.000000 53,002 15 Feb 2024 Common Stock 4,031 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -5,231 -9.9% $0.000000 47,771 15 Feb 2024 Common Stock 5,231 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.