Heather K. Tormey - Sep 21, 2021 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP & Chief HRO
Signature
Raymond B Ostroski Atty in Fact for Heather Banks
Stock symbol
SHEN
Transactions as of
Sep 21, 2021
Transactions value $
$0
Form type
4
Date filed
9/23/2021, 01:48 PM
Next filing
Feb 4, 2022

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 Award $0 +4.82K +150.84% $0.00 8.02K Sep 21, 2021 Common Stock 4.82K 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 option vests 10% in February 2022; and then 30% each in February 2023, February 2024 and February 2025. The options (and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.