James J. Volk - Feb 17, 2022 Form 4/A - Amendment Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
SR VP, FINANCE & CFO
Signature
Christopher E French Atty in Fact for James J Volk Sr
Stock symbol
SHEN
Transactions as of
Feb 17, 2022
Transactions value $
-$28,947
Form type
4/A - Amendment
Date filed
8/5/2022, 04:30 PM
Date Of Original Report
Feb 22, 2022
Previous filing
Feb 4, 2022
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Award $0 +4.71K +77.45% $0.00 10.8K Feb 17, 2022 Direct
transaction SHEN Common Stock Tax liability -$28.9K -1.28K -11.84% $22.65 9.51K Feb 17, 2022 Direct F4

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 -1.63K -8.48% $0.00 17.6K Feb 17, 2022 Common Stock 1.63K Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -2.11K -11.95% $0.00 15.5K Feb 17, 2022 Common Stock 2.11K Direct F1, F2
transaction SHEN Restricted Stock Unit Options Exercise $0 -968 -6.23% $0.00 14.6K Feb 17, 2022 Common Stock 968 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 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.
F4 Amends the amounts reported in the Form 4 that was filed on February 22, 2022, in order to update the number of shares of common stock. As a result of an administrative error with respect to the withholding for tax liability, the initial amount of shares withheld was incorrect.