Shenandoah Telecommunications (SHEN) CEO reports new RSU grants, exercises
Rhea-AI Filing Summary
Shenandoah Telecommunications President & CEO Christopher E. French reported multiple equity awards dated February 19, 2026. He exercised restricted stock units into 47,488 shares of common stock at an exercise price of $0.00 per share, increasing his directly held common stock to 483,576 shares after these transactions.
French also acquired a new grant of 36,039 restricted stock units, bringing his directly held restricted stock units to 122,912 units. Each unit represents a contingent right to receive one share of common stock and vests in four equal annual installments, and both the award and resulting shares are subject to the company’s executive compensation recovery policy. The filing also lists shares held in various trusts for relatives, and French disclaims beneficial ownership of those shares where he has no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,786 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,960 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 10,315 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 18,427 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 36,039 | $0.00 | -- |
| Exercise | Common Stock | 47,488 | $0.00 | -- |
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Footnotes (1)
- These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares. 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.
