Shenandoah Telecom director shifts 10,924 RSUs
Shenandoah Telecommunications director designee James F. DiMola reported the vesting and transfer of equity awards tied to 10,924 shares of common stock.
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.
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- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit | 10,924 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,924 | $0.00 | $0.00 |
| Other | Common Stock | 10,924 | $0.00 | $0.00 |
Footnotes (3)
- F1. Represents the vesting of restricted stock units ("RSUs") granted on Februrary 18, 2025.
- F2. Each RSU represents a contingent right to receive one share of common stock.
- F3. 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
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What did the SHEN Form 4 filed for James F. DiMola report?
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What do the vested RSUs in the SHEN Form 4 represent?
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