(SHEN)

Role: VP Chief HRO
Signature: /s/ Christopher E French Attorney in Fact for Heather K Tormey
Issuer symbol: SHEN
Transactions as of: 03 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 05 Feb 2025, 12:44:32 UTC
Previous filing: 11 Oct 2024
Next 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	Award	$0	+744	+7.2%	$0.000000	11,052	03 Feb 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Represents the vesting of Strategic Retention Performance Share Units granted September 20, 2022. Performance for this award was measured based on the number of Fiber-To-The-Home passings, capital expenditures per incremental passings, and Adjusted Earnings Before Interest Taxes Depreciation and Amortization for the three-year period ending December 31, 2024.