CFO equity awards and tax-share withholding at Shenandoah (NASDAQ: SHEN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shenandoah Telecommunications SVP Finance & CFO James J. Volk reported several equity transactions dated February 19, 2026. He exercised multiple restricted stock unit awards into common stock and received a new grant of 31,950 restricted stock units, each representing the right to receive one share of common stock. Following these RSU-related transactions, he held 70,071 restricted stock units directly. He also acquired 21,236 shares of common stock through derivative exercises and had 5,822 shares of common stock withheld at $13.18 per share to cover tax obligations, a non–open-market disposition. After these movements, he directly owned 88,387.567 shares of common stock, with an additional 5,504.307 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,236 shares exercised/converted
Mixed
8 txns
Insider
VOLK JAMES J
Role
SVP Finance & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,841 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,775 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 4,515 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,105 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 31,950 | $0.00 | -- |
| Exercise | Common Stock | 21,236 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,822 | $13.18 | $77K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 55,516 shares (Direct);
Common Stock — 94,209.567 shares (Direct);
Common Stock — 5,504.307 shares (Indirect, By Spouse)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock unit award vests one-fourth on each the first, second, third and fourth anniversary. The restricted stock unit award (and shares issuable upon exercise of the restricted stock unit award) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.
FAQ
What insider transactions did SHEN CFO James J. Volk report on this Form 4?
James J. Volk reported exercising multiple restricted stock unit awards into common stock, receiving a new grant of 31,950 restricted stock units, and having 5,822 common shares withheld at $13.18 per share to satisfy tax obligations related to equity compensation.
How many restricted stock units does SHEN’s CFO hold after these transactions?
After the reported transactions, James J. Volk directly holds 70,071 restricted stock units. Each unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock, subject to vesting conditions and potential cancellation under the company’s executive compensation recovery policy.
What happened to SHEN common stock in the tax-withholding transaction?
A total of 5,822 shares of Shenandoah common stock were disposed of at $13.18 per share to cover tax liabilities. This disposition is recorded under transaction code “F,” meaning it was for tax withholding, not an open-market sale initiated for investment purposes.
How do the newly granted SHEN restricted stock units vest for the CFO?
The newly granted restricted stock unit award vests in four equal installments on each of the first, second, third, and fourth anniversaries of the grant date. The award, and any shares issued upon settlement, may be canceled under the company’s executive compensation recovery policy.