DEREK RIEGER - 16 Feb 2023 Form 4 Insider Report for SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)

Role
VP-Legal/Gen Counsel & Sec
Signature
Derek Rieger
Issuer symbol
SHEN
Transactions as of
16 Feb 2023
Net transactions value
-$9,664
Form type
4
Filing time
21 Feb 2023, 09:32:37 UTC
Previous filing
05 May 2022
Next filing
23 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 Options Exercise +1,516 +269% 2,080 16 Feb 2023 Direct F1
transaction SHEN Common Stock Tax liability $9,664 -501 -24% $19.29 1,579 16 Feb 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 -6.1% $0.000000 5,369 16 Feb 2023 Common Stock 348 Direct F1, F3
transaction SHEN Restricted Stock Unit Options Exercise $0 -1,168 -22% $0.000000 4,201 16 Feb 2023 Common Stock 1,168 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.