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Shenandoah Telecommunications (SHEN) director granted shares in lieu of fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Shenandoah Telecommunications director Richard L. Koontz Jr. received a small stock grant as part of his board compensation. He acquired 33.1565 shares of common stock at $15.08 per share, received in lieu of director fees. Following this award, he directly holds 71,771.5137 common shares.

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Negative

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Insider Koontz Richard L Jr
Role null
Type Security Shares Price Value
Grant/Award Common Stock 33.157 $15.08 $500.00
Holdings After Transaction: Common Stock — 71,771.514 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares granted 33.1565 shares Common stock grant received in lieu of director fees
Grant price $15.08 per share Reported value for the 33.1565-share stock award
Post-transaction holdings 71,771.5137 shares Total common shares directly held after the grant
Transaction code A (Grant, award, or other acquisition) Indicates compensation-related share acquisition, not market trade
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
director fees financial
"Shares received in lieu of director fees."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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*
Koontz Richard L Jr
(Last)(First)(Middle)
PO BOX 459
(Street)
EDINBURG VIRGINIA 22824
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SHENANDOAH TELECOMMUNICATIONS CO/VA/ [ SHEN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026A(1)33.1565A$15.0871,771.5137D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares received in lieu of director fees.
/s/ Christopher E French Attorney in Fact for Richard L Koontz Jr07/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SHEN director Richard L. Koontz Jr. report?

Director Richard L. Koontz Jr. reported an acquisition of SHEN common stock. He received 33.1565 shares as a grant, classified as a “Grant, award, or other acquisition,” rather than an open-market purchase or sale.

How many Shenandoah Telecommunications (SHEN) shares did Koontz receive?

Koontz received 33.1565 SHEN common shares. The transaction is coded as an acquisition (code A), reflecting a stock grant rather than a market trade, and adds directly to his existing holdings.

What was the price per share for Richard Koontz’s SHEN stock grant?

The reported price per share for the grant was $15.08. This figure reflects the value assigned to the 33.1565 common shares received as part of his director compensation package on the transaction date.

How many Shenandoah Telecommunications shares does Koontz hold after this grant?

After the grant, Koontz directly holds 71,771.5137 SHEN common shares. This total includes the newly acquired 33.1565 shares received as compensation, showing his post-transaction ownership position as a company director.

Was Richard Koontz’s SHEN transaction a market purchase or sale?

The transaction was not a market purchase or sale. It is coded as “A” for grant, award, or other acquisition, and footnotes state the shares were received in lieu of director fees as part of his compensation.

How were the SHEN shares received by director Richard Koontz characterized?

The shares were characterized as being received in lieu of director fees. This means the 33.1565 SHEN shares represent compensation for board service, rather than a discretionary trade in the open market.