X0306 4 2021-09-21 0 0000354963 SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN 0001781927 BANKS HEATHER K PO BOX 459 EDINBURG VA 22824 0 1 0 0 VP & Chief HRO Restricted Stock Unit 2021-09-21 4 A 0 4821 0 A 2025-02-20 Common Stock 4821 8017 D Each restricted stock unit represents a contingent right to receive one share of common stock. The option vests 10% in February 2022; and then 30% each in February 2023, February 2024 and February 2025. 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 Atty in Fact for Heather Banks 2021-09-23