Shenandoah Telecom director gets 5,376 RSUs
Shenandoah Telecommunications’ director designee received a new equity award linked to GCM Grosvenor–affiliated entities.
Rhea-AI Filing Summary
Shenandoah Telecommunications’ director designee received a new equity award linked to GCM Grosvenor–affiliated entities. LIF Vista, LLC and related funds jointly reported an indirect award of 5,376 restricted stock units, each representing a contingent right to one share of common stock, at an exercise price of $0.00.
The RSUs are scheduled to convert into common stock on February 19, 2027. The filing also notes that 9,863 restricted stock units previously granted to former director designee James DiMola on February 19, 2026 were cancelled for no consideration in connection with his resignation. LIF Vista is shown as indirectly holding 4,116,050 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,376 shares
Grant/Award
2 txns
Insider
GCM Grosvenor Inc., LIF Vista, LLC, Labor Impact Fund, L.P., LIF AIV 1, L.P., GCM Investments GP, LLC, Grosvenor Capital Management Holdings, LLLP, GCM Grosvenor Holdings, LLC, GCM V, LLC, Sacks Michael Jay
Role
Director | Director | Director | Director | Director | Director | Director | Director | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 5,376 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,376 contracts (Indirect, See footnote);
Common Stock — 4,116,050 shares (Indirect, By LIF Vista, LLC)
Footnotes (5)
- F1. This Form 4 is filed jointly by LIF Vista, LLC ("LIF Vista"), Labor Impact Fund, L.P. ("Labor Fund"), LIF AIV 1, L.P. ("LIF AIV"), GCM Investments GP, LLC ("GCM GP"), Grosvenor Capital Management Holdings, LLLP ("Grosvenor Capital Holdings"), GCM Grosvenor Holdings, LLC ("GCM Holdings"), GCM Grosvenor Inc. ("GCM Grosvenor"), GCM V, LLC ("GCM V") and Michael J. Sacks (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Securities owned directly by LIF Vista. Labor Fund and LIF AIV, as the owners of all the outstanding membership interests of LIF Vista, may be deemed to beneficially own such securities. GCM GP, as the managing member of LIF Vista and the general partner of each of Labor Fund and LIF AIV, may be deemed to beneficially own such securities. Grosvenor Capital Holdings, as the sole member of GCM GP, may be deemed to beneficially own such securities. GCM Holdings, as the general partner of Grosvenor Capital Holdings, may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as the manager of GCM V, may be deemed to beneficially own such securities.
- F3. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4. Represents securities awarded to Matthew Rinklin in his capacity as a director of the Issuer. Mr. Rinklin currently serves as LIF Vista's director designee on the Board of Directors of the Issuer. In connection with this arrangement, any equity-based securities awarded to Mr. Rinklin in his capacity as a director of the Issuer will be held by Mr. Rinklin on behalf of LIF Vista or its affiliates, transferred by Mr. Rinklin to LIF Vista or its affiliates, and/or sold by Mr. Rinklin, with the proceeds of such sale to be remitted to LIF Vista or its affiliates, in each case as directed by LIF Vista. Accordingly, LIF Vista and the other Reporting Persons may be deemed to have a pecuniary interest in these securities when awarded to Mr. Rinklin for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
- F5. In connection with the resignation of James DiMola, LIF Vista's prior director designee, from the Board of Directors of the Issuer, the 9,863 restricted stock units previously granted to Mr. DiMola on February 19, 2026, were cancelled for no consideration.
Key Figures
RSUs granted: 5,376 restricted stock units
RSU conversion date: February 19, 2027
RSU exercise price: $0.00 per unit
+2 more
5 metrics
RSUs granted
5,376 restricted stock units
Grant to director designee–related entities on February 19, 2026 award date referenced
RSU conversion date
February 19, 2027
Exercise and expiration date for 5,376 restricted stock units
RSU exercise price
$0.00 per unit
Conversion or exercise price for the 5,376 restricted stock units
Indirect common shares held
4,116,050 shares
Common stock indirectly owned by LIF Vista after reported transactions
Cancelled RSUs
9,863 restricted stock units
RSUs granted to former designee James DiMola on February 19, 2026, later cancelled
Key Terms
restricted stock unit, pecuniary interest, beneficial ownership, Section 16, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein."
beneficial ownership financial
"may be deemed to beneficially own such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHEN report in this Form 4?
Shenandoah Telecommunications reported an indirect grant of 5,376 restricted stock units to its director designee’s affiliated entities. Each unit represents a contingent right to one share of common stock at a $0.00 exercise price, increasing their equity-based exposure.
Who is the primary reporting entity in the SHEN Form 4 filing?
The primary reporting entity is LIF Vista, LLC, along with several affiliated GCM Grosvenor-related entities and Michael J. Sacks. They jointly filed the Form 4 and may be deemed to share pecuniary interests in the reported securities, while formally disclaiming beneficial ownership except to that extent.
How many Shenandoah Telecommunications RSUs were granted in this filing?
The filing shows a grant of 5,376 restricted stock units tied to Shenandoah Telecommunications common stock. Each restricted stock unit represents a contingent right to receive one share, providing additional equity-based compensation linked to future share delivery rather than immediate stock ownership.
When do the new SHEN restricted stock units convert into common stock?
The 5,376 restricted stock units are scheduled to convert into common stock on February 19, 2027. On that date, each unit can settle into one Shenandoah Telecommunications share, assuming applicable conditions are satisfied for the award to vest and deliver shares.
What happened to the prior RSU grant to former SHEN director designee James DiMola?
The 9,863 restricted stock units previously granted to former director designee James DiMola on February 19, 2026, were cancelled for no consideration. This cancellation occurred in connection with his resignation from Shenandoah Telecommunications’ Board of Directors as LIF Vista’s prior designee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
