Derek Rieger - Feb 22, 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 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 02:58 PM
Previous filing
Feb 21, 2023
Next filing
Feb 15, 2024

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 Award $0 +6.23K +148.32% $0.00 10.4K Feb 22, 2023 Common Stock 6.23K 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.