Derek Rieger - Feb 16, 2023 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP-Legal/Gen Counsel & Sec
Signature
Derek Rieger
Stock symbol
SHEN
Transactions as of
Feb 16, 2023
Transactions value $
-$9,664
Form type
4
Date filed
2/21/2023, 09:32 AM
Previous filing
May 5, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHEN Common Stock Options Exercise +1.52K +268.79% 2.08K Feb 16, 2023 Direct F1
transaction SHEN Common Stock Tax liability -$9.66K -501 -24.09% $19.29 1.58K Feb 16, 2023 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 -348 -6.09% $0.00 5.37K Feb 16, 2023 Common Stock 348 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -1.17K -21.75% $0.00 4.2K Feb 16, 2023 Common Stock 1.17K 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.
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.