Director at Shenandoah Telecommunications (SHEN) granted stock as fees

Rhea-AI Filing Summary

Shenandoah Telecommunications director Kenneth L. Quaglio reported an acquisition of common stock through a grant of fees paid in shares. He received 45.8547 shares at $13.63 per share, described as shares received in lieu of director fees, bringing his direct holdings to 34,580.5741 shares.

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

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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^*

QUAGLIO KENNETH L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A(1)		45.8547	A	$13.63	34,580.5741	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

Explanation of Responses:

1. Shares received in lieu of director fees.

	/s/ Christopher E French Attorney in Fact for Kenneth L Quaglio	03/03/2026
	** 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).
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FAQ

What insider transaction did SHEN director Kenneth L. Quaglio report?

Kenneth L. Quaglio reported acquiring 45.8547 shares of Shenandoah Telecommunications common stock. The shares were granted as compensation, received in lieu of director fees, rather than purchased on the open market, according to the Form 4 disclosure.

At what price were the SHEN shares granted to director Kenneth L. Quaglio?

The shares were valued at $13.63 per share for the grant. This price is used to report the transaction value on the Form 4, even though the shares were awarded as director fee compensation rather than bought for cash.

How many SHEN shares does Kenneth L. Quaglio own after this Form 4 transaction?

After the reported grant, Kenneth L. Quaglio directly owns 34,580.5741 shares of Shenandoah Telecommunications common stock. This updated total reflects the additional 45.8547 shares received as director fee compensation on the reported transaction date.

Was the SHEN Form 4 transaction a market purchase or a stock award?

The Form 4 shows a stock award, not a market purchase. The transaction code indicates a grant or award, and the footnote states the shares were received in lieu of director fees, meaning they are compensation shares.

What does the transaction code on the SHEN Form 4 indicate?

The Form 4 uses transaction code “A”, described as a grant, award, or other acquisition. This signals that Kenneth L. Quaglio acquired the 45.8547 SHEN shares through a compensation-related award rather than through a standard open-market trade.

Is Kenneth L. Quaglio’s SHEN stock ownership direct or indirect after this award?

The filing labels his ownership as direct following the transaction. The 34,580.5741 SHEN shares, including the new 45.8547-share award, are held directly in his name, with no related entity or indirect holding structure indicated in the Form 4 data.