Christopher E. French - 02 Feb 2023 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
President
Signature
Christopher E French
Issuer symbol
SHEN
Transactions as of
02 Feb 2023
Net transactions value
-$87,806
Form type
4
Filing time
03 Feb 2023, 15:57:53 UTC
Previous filing
13 Oct 2022
Next filing
21 Feb 2023
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 +13,652 +5.2% $0.000000 276,019 02 Feb 2023 Direct F1
transaction SHEN Common Stock Tax liability $87,806 -4,375 -1.6% $20.07 271,644 02 Feb 2023 Direct
holding SHEN Common Stock 64,296 02 Feb 2023 By Spouse
holding SHEN Common Stock 37,796 02 Feb 2023 By Son
holding SHEN Common Stock 160,706 02 Feb 2023 TTEE French Grandchildren Trust F2
holding SHEN Common Stock 217,004 02 Feb 2023 TTEE U/A WBF fbo Grandchildren F2
holding SHEN Common Stock 345,000 02 Feb 2023 By Son as TTEE of French Family Trust F2
holding SHEN Common Stock 137,269 02 Feb 2023 TTEE WBF fbo Cynthia F2
holding SHEN Common Stock 339,966 02 Feb 2023 TTEE WBF fbo Anne F2
holding SHEN Common Stock 339,966 02 Feb 2023 TTEE WBF fbo Christopher F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of performance-based Restricted Stock Units granted February 25,2020. Performance for this award was measured based on the Issuer's relative total shareholder return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market cap.
F2 These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.