Shenandoah director exercises 9,863 RSUs into stock
Shenandoah Telecommunications director Tracy Fitzsimmons exercised 9,863 restricted stock units into common stock at no exercise price on April 21, 2026.
Rhea-AI Filing Summary
Shenandoah Telecommunications director Tracy Fitzsimmons exercised 9,863 restricted stock units into common stock at no exercise price on April 21, 2026. These units represented a right to receive one share of common stock each and vested on an accelerated basis in connection with the director’s retirement on that date.
Following the transaction, Fitzsimmons holds 63,052.5123 shares of common stock directly. The filing shows an option-style conversion of previously granted equity awards, with no open-market buying or selling activity disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,863 shares exercised/converted
Exercise
2 txns
Insider
Fitzsimmons Tracy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 9,863 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,863 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 63,052.5123 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. The restricted stock units vested on an accelerated basis pursuant to the reporting person's retirement on April 21, 2026.
Key Figures
RSUs exercised: 9,863 units
Shares held after transaction: 63,052.5123 shares
Exercise price per RSU: $0.0000 per unit
+1 more
4 metrics
RSUs exercised
9,863 units
Restricted Stock Units converted to common stock on April 21, 2026
Shares held after transaction
63,052.5123 shares
Common stock directly owned by Tracy Fitzsimmons after exercise
Exercise price per RSU
$0.0000 per unit
Restricted stock unit conversion price on April 21, 2026
Derivative exercises
1 transaction, 9,863 shares
Exercise or conversion of derivative security reported in Form 4
Key Terms
Restricted Stock Unit, derivative security, accelerated basis
3 terms
Restricted Stock Unit financial
"The restricted stock units vested on an accelerated basis pursuant to the reporting person's retirement"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
accelerated basis financial
"The restricted stock units vested on an accelerated basis pursuant to the reporting person's retirement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Shenandoah Telecommunications (SHEN) report for Tracy Fitzsimmons?
Shenandoah Telecommunications reported that director Tracy Fitzsimmons exercised 9,863 restricted stock units into common stock. The transaction was coded as an exercise of a derivative security and did not involve open-market buying or selling of shares.
What are the details of the restricted stock units reported by Shenandoah Telecommunications (SHEN)?
Each restricted stock unit represented a contingent right to receive one share of Shenandoah Telecommunications common stock. On April 21, 2026, 9,863 units vested on an accelerated basis and were converted into common shares in connection with Tracy Fitzsimmons’ retirement.
Did the Shenandoah Telecommunications (SHEN) Form 4 show any open-market stock sales or purchases?
The Form 4 does not show any open-market stock purchases or sales. It reports an exercise of 9,863 restricted stock units into common stock, an equity award conversion rather than a buy or sell transaction in the market.
Why did Tracy Fitzsimmons’ restricted stock units at Shenandoah Telecommunications (SHEN) vest early?
The footnotes state that the restricted stock units vested on an accelerated basis due to Tracy Fitzsimmons’ retirement on April 21, 2026. This accelerated vesting triggered the conversion of 9,863 units into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
