10,924 SHEN shares from RSU vesting transferred to LIF Vista, LLC
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shenandoah Telecommunications director designee James F. DiMola reported the vesting and transfer of equity awards tied to 10,924 shares of common stock. Restricted stock units granted on February 18, 2025 vested and were converted into common shares, then transferred to LIF Vista, LLC under a pre-existing arrangement.
The footnotes state that any equity awarded to DiMola in his director role is held for or transferred to LIF Vista or its affiliates, with any sale proceeds remitted to them as directed. DiMola disclaims any pecuniary interest in these securities for Section 16 purposes, and his direct holdings after these transactions are reported as zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DiMola James F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit | 10,924 | $0.00 | -- |
| Exercise | Common Stock | 10,924 | $0.00 | -- |
| Other | Common Stock | 10,924 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 10,924 shares (Direct)
Footnotes (1)
- Represents the vesting of restricted stock units ("RSUs") granted on Februrary 18, 2025. Each RSU represents a contingent right to receive one share of common stock. The Reporting Person serves as a director designee of LIF Vista, LLC ("LIF Vista") on the Board of Directors of the Issuer. In connection with this arrangement, any equity-based securities awarded to the Reporting Person in his capacity as a director of the Issuer will be held by the Reporting Person on behalf of LIF Vista or its affiliates, transferred by the Reporting Person to LIF Vista or its affiliates, and/or sold by the Reporting Person, with the proceeds of such sale to be remitted to LIF Vista or its affiliates, in each case as directed by LIF Vista. Accordingly, upon the vesting of the RSUs reflected on this Form 4, the Reporting Person transferred the shares of the Issuer's common stock to LIF Vista. As a result, the Reporting Person disclaims any pecuniary interest in these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
FAQ
What did the SHEN Form 4 filed for James F. DiMola report?
The Form 4 reports vesting and transfer of equity tied to 10,924 shares of Shenandoah Telecommunications common stock. Restricted stock units vested, converted into shares, then were transferred to LIF Vista, LLC under a pre-existing director designee arrangement.
What is the relationship between James F. DiMola and LIF Vista, LLC in the SHEN filing?
James F. DiMola serves as a director designee of LIF Vista, LLC on the Shenandoah Telecommunications board. Under this arrangement, any director equity awards are held for or transferred to LIF Vista or its affiliates, with sale proceeds remitted to LIF Vista as directed.
What do the vested RSUs in the SHEN Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock. The Form 4 notes vesting of RSUs granted on February 18, 2025, which then converted into 10,924 common shares before being transferred to LIF Vista, LLC.