James J. Volk Sr. - 22 Feb 2025 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
SVP Finance & CFO
Signature
/s/ Christopher E French Attorney in Fact for James J Volk Sr
Issuer symbol
SHEN
Transactions as of
22 Feb 2025
Net transactions value
$0
Form type
4
Filing time
24 Feb 2025, 16:22:47 UTC
Previous filing
20 Feb 2025
Next filing
12 Feb 2026
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 +16,037 +37% 59,753 20 Feb 2025 Direct F1
holding SHEN Common Stock 5,453 22 Feb 2025 By Spouse

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 -2,906 -3.9% $0.000000 72,488 20 Feb 2025 Common Stock 2,906 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -3,841 -5.3% $0.000000 68,647 20 Feb 2025 Common Stock 3,841 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -4,775 -7% $0.000000 63,872 20 Feb 2025 Common Stock 4,775 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -4,515 -7.1% $0.000000 59,357 20 Feb 2025 Common Stock 4,515 Direct F1, F3
* 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 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.
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.