---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-006204"
form_type: "8-K"
ticker: "SHEN"
cik: "0000354963"
company_name: "SHENANDOAH TELECOMMUNICATIONS CO/VA/"
filed_at: "2022-09-23T23:59:59+00:00"
generated_at: "2026-06-23T07:50:23.048043+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Shentel grants PSUs to four named executives with FTTH, cost, EBITDA targets

## Summary
- Grants to COO McKay (19,380 PSUs), CFO Volk (3,960), CIO Cheng (7,050), CHRO Tormey (1,550).
- PSUs earned based on FTTH passings as of Dec 2024, cost-to-pass over 3 years, and 2024 consolidated net adj EBITDA.
- Vesting requires continuous employment through Dec 31, 2024; prorated vesting on death or disability.
- On change of control, PSUs convert to time-based RSUs or accelerate at 100% target if not assumed.
- Granted under 2014 Equity Incentive Plan; forfeiture if employment ends before Dec 31, 2024.

## SEC filing metadata
- accession: 0001171843-22-006204
- form_type: 8-K
- ticker: SHEN
- cik: 0000354963
- company_name: SHENANDOAH TELECOMMUNICATIONS CO/VA/
- filed_at: 2022-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354963/000117184322006204/0001171843-22-006204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/354963/000117184322006204/f8k_092222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-006204
- JSON: https://secwatch.observer/filing/0001171843-22-006204.json
- Plain text: https://secwatch.observer/filing/0001171843-22-006204.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.