SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2021

Feb 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2021-02-04

Reporting Person: McKay Edward H (SR VP-Engineering & Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-04	Common Stock	A	3561	—	Acquired	28599	Direct
2021-02-04	Common Stock	F	1209	$43.21	Disposed	27390	Direct

Footnotes

F1: Represents the vesting of performance-based Restricted Stock Units granted February 20, 2018. 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 within a factor of 3 of the Issuer's Market cap.