Christopher E. French of Shenandoah Telecommunications (SHEN) gains 25,571 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shenandoah Telecommunications Executive Chairman reports RSU vesting. On 02/02/2026, Executive Chairman Christopher E. French acquired 25,571 shares of SHEN common stock at $0 per share through the vesting of performance-based restricted stock units granted on February 22, 2023. These units vested based on the company’s total shareholder return versus a peer group in the NASDAQ Telecom Index. Following this transaction, he directly holds 436,088 common shares, in addition to various indirect holdings through his spouse, son, and multiple family trusts, for some of which he disclaims beneficial ownership where he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
FRENCH CHRISTOPHER E
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,571 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 436,088 shares (Direct);
Common Stock — 86,485 shares (Indirect, By Spouse)
Footnotes (1)
- Represents vesting of performance-based Restricted Stock Units granted February 22, 2023. Performance for this award was measured on the Issuer's relative total return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap. 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.
FAQ
What insider transaction did Christopher E. French report at Shenandoah Telecommunications (SHEN)?
Christopher E. French reported acquiring 25,571 Shenandoah Telecommunications common shares at $0 per share. The shares came from vesting of performance-based restricted stock units originally granted on February 22, 2023, rather than an open-market purchase or sale transaction.
What was the basis for the RSU performance vesting reported by SHEN’s Executive Chairman?
The performance-based restricted stock units vested based on Shenandoah Telecommunications’ relative total shareholder return. Performance was measured against companies in the NASDAQ Telecom Index with market capitalizations between $100 million and $100 billion, above and below Shenandoah’s market capitalization at grant.
Does Christopher E. French disclaim beneficial ownership of any Shenandoah Telecommunications shares?
Yes. The filing states that certain shares are held in trust for the benefit of relatives, and Mr. French disclaims beneficial ownership for shares in which he has no pecuniary interest. The disclosure clarifies this filing is not an admission of beneficial ownership.
What role does Christopher E. French hold at Shenandoah Telecommunications (SHEN)?
Christopher E. French is identified as Executive Chairman of Shenandoah Telecommunications. The Form 4 indicates he is an officer of the company with that specific title, and it reports his direct and certain indirect holdings of the company’s common stock.