Shenandoah SVP granted 13,437 RSUs, exercises awards

Shenandoah Telecommunications (SHEN) senior vice president Glenn E. Lytle Jr reported equity awards and related conversions, with no share sales.

Rhea-AI Filing Summary

Shenandoah Telecommunications (SHEN) senior vice president Glenn E. Lytle Jr reported equity awards and related conversions, with no share sales. On February 19, 2026, he exercised or converted restricted stock units covering 2,123 and 2,956 units, and received a new grant of 13,437 restricted stock units, each representing one share of common stock. He also acquired 5,079 shares of common stock through a derivative exercise. After these transactions, he directly held 8,956 shares of common stock and 26,551 restricted stock units. The award vests in four equal annual installments and is subject to potential cancellation and forfeiture under the company’s executive compensation recovery policy.

Insider Trade Summary

5,079 shares exercised/converted

Exercise 4 txns

Insider Lytle Glenn E Jr

Role SVP Commercial Sales

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,123	$0.00	$0.00
Exercise	Restricted Stock Unit	2,956	$0.00	$0.00
Grant/Award	Restricted Stock Unit	13,437	$0.00	$0.00
Exercise	Common Stock	5,079	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 55,735 contracts (Direct); Common Stock — 8,956 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
2. F2. The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.

FAQ

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What insider transactions did SHEN executive Glenn E. Lytle Jr report?

Glenn E. Lytle Jr reported equity awards and conversions on February 19, 2026. He exercised restricted stock units, received a new restricted stock unit grant, and acquired common shares through derivative exercises, with no open-market share purchases or sales disclosed.

How many restricted stock units did SHEN grant to Glenn E. Lytle Jr?

Glenn E. Lytle Jr received a grant of 13,437 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock under the company’s equity compensation arrangements.

How many SHEN common shares did Glenn E. Lytle Jr acquire in this Form 4?

He acquired 5,079 shares of Shenandoah Telecommunications common stock. These shares came from the exercise or conversion of derivative securities, rather than from an open-market purchase, according to the Form 4 transaction details.

What are Glenn E. Lytle Jr’s SHEN holdings after the reported transactions?

After the transactions, he directly held 8,956 shares of common stock and 26,551 restricted stock units. These figures reflect post-transaction balances reported for his non-derivative and derivative holdings, respectively, on the Form 4.

How do the SHEN restricted stock units for Glenn E. Lytle Jr vest?

The restricted stock unit award vests one-fourth on each of the first, second, third, and fourth anniversaries. This four-year vesting schedule gradually delivers common shares if service and other conditions continue to be satisfied.

Can Glenn E. Lytle Jr’s SHEN restricted stock units be forfeited?

Yes. The restricted stock unit award, and the shares issuable upon exercise, are subject to cancellation and forfeiture. They are governed by Shenandoah Telecommunications’ executive compensation recovery policy, which can require recovery under specified circumstances.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/23/2026 - 02:37 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lytle Glenn E Jr

(Last) (First) (Middle)

PO BOX 459

(Street)

EDINBURG VA 22824

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Commercial Sales

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/19/2026		M		5,079	A	(1)	8,956	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/19/2026		M			2,123	(2)	02/17/2028	Common Stock	2,123	$0	16,070	D
Restricted Stock Unit	(1)	02/19/2026		M			2,956	(2)	02/15/2029	Common Stock	2,956	$0	13,114	D
Restricted Stock Unit	(1)	02/19/2026		A		13,437		(2)	02/21/2030	Common Stock	13,437	$0	26,551	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock.

2. The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.

	/s/ Christopher E French Attorney in Fact for Glenn E Lytle Jr	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.