Raymond B. Ostroski - Feb 17, 2022 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP Legal & General Counsel
Signature
Raymond B Ostroski
Stock symbol
SHEN
Transactions as of
Feb 17, 2022
Transactions value $
-$19,298
Form type
4
Date filed
2/22/2022, 05:54 AM
Previous filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Award $0 +2.35K +27.04% $0.00 11K Feb 17, 2022 Direct
transaction SHEN Common Stock Tax liability -$19.3K -852 -7.71% $22.65 10.2K Feb 17, 2022 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 -940 -21% $0.00 3.54K Feb 17, 2022 Common Stock 940 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -699 -19.77% $0.00 2.84K Feb 17, 2022 Common Stock 699 Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -712 -25.1% $0.00 2.13K Feb 17, 2022 Common Stock 712 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 one-fourth on each the first, second, third and fourth anniversary. 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.