X0306 4 2020-02-25 0 0000354963 SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN 0001239536 OSTROSKI RAYMOND B PO BOX 459 EDINBURG VA 22824 0 1 0 0 VP Legal & General Counsel Restricted Stock Unit 2020-02-25 4 A 0 1836 0 A 2024-02-15 Common Stock 1836 5051 D Each restricted stock unit represents a contingent right to receive one share of common stock. 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. Raymond B Ostroski 2020-02-27