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SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2024
Feb 20, 2024
32486_dirs_2024-02-20_bea2dbbe-43e5-43f3-9c1a-17804417a06a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2024-02-15
Reporting Person: FRENCH CHRISTOPHER E (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | M | 30101 | — | Acquired | 317102 | Direct |
| 2024-02-15 | Common Stock | F | 8352 | $19.65 | Disposed | 308750 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Restricted Stock Unit | $ | M | 4876 | Disposed | 2024-02-15 | Common Stock (4876) | Direct |
| 2024-02-15 | Restricted Stock Unit | $ | M | 6480 | Disposed | 2025-02-20 | Common Stock (6480) | Direct |
| 2024-02-15 | Restricted Stock Unit | $ | M | 7786 | Disposed | 2026-02-19 | Common Stock (7786) | Direct |
| 2024-02-15 | Restricted Stock Unit | $ | M | 10959 | Disposed | 2027-02-18 | Common Stock (10959) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 64629 | Indirect |
| Common Stock | 37796 | Indirect |
| Common Stock | 136928 | Indirect |
| Common Stock | 167104 | Indirect |
| Common Stock | 134806 | Indirect |
| Common Stock | 345000 | Indirect |
| Common Stock | 339966 | Indirect |
| Common Stock | 339966 | Indirect |
Footnotes
F1: 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.
F2: Each restricted stock unit represents a contingent right to receive one share of common stock.
F3: The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. 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.
F4: 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.