secwatch.observer — SEC 8-K summary
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Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001171843-22-006204
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184322006204/0001171843-22-006204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184322006204/f8k_092222.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-006204

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