Every Form 4 that Shenandoah Telecom Co (SHEN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow SHEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SHEN filings page.
SHENANDOAH TELECOMMUNICATIONS CO/VA/ Executive Chairman Christopher E. French reported an internal trust distribution involving the company’s common stock. A trust where he serves as trustee distributed 2,249 shares of common stock to a beneficiary, described as a distribution from trust to beneficiary, with no price reported for the transfer.
Following this distribution, that trust held 125,387 shares of common stock. The filing also lists Mr. French’s other holdings as of the same date, including 483,576 shares held directly and multiple indirect family and trust-related positions, such as shares held by his spouse and children and in various family trusts, some of which he disclaims beneficial ownership where he has no pecuniary interest.
GCM Grosvenor Inc. reported acquisition or exercise transactions in this Form 4 filing.
Shenandoah Telecommunications reported an indirect grant of 9,863 restricted stock units, each representing one share of common stock, in connection with director service. The units were awarded to director James DiMola but are held for the benefit of LIF Vista, LLC and related GCM Grosvenor entities, which collectively report indirect ownership of 4,116,050 common shares.
DiMola James F reported acquisition or exercise transactions in this Form 4 filing.
Shenandoah Telecommunications reported that director designee James F. DiMola was granted 9,863 restricted stock units. Each RSU represents the right to receive one share of common stock. According to the disclosure, the economic benefit from these equity awards is allocated to LIF Vista, LLC or its affiliates.
Energy Capital Partners Management, LP reported acquisition or exercise transactions in this Form 4 filing.
Shenandoah Telecommunications granted 9,863 restricted stock units to Energy Capital Partners Management, LP. Each restricted stock unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock. The award increased the holder’s balance to 9,863 restricted stock units held directly.
Shenandoah Telecommunications’ VP Legal, General Counsel and Secretary Angela M. Olsen reported several equity transactions in company stock. On February 19, 2026, she acquired 1,252 shares of common stock through the exercise of restricted stock units and received a new grant of 10,854 restricted stock units, each representing a right to one future share.
The new restricted stock unit award vests in four equal installments on each of the first, second, third and fourth anniversaries of the grant date and is subject to the company’s executive compensation recovery policy. To cover tax obligations, 443 common shares were disposed of at $13.18 per share, leaving her with 809 common shares held directly after these transactions.
Shenandoah Telecommunications’ VP and Chief Accounting Officer, Tracy Willis, reported several equity compensation moves. Willis exercised 2,437 restricted stock units into the same number of common shares and received a new grant of 9,632 restricted stock units, each representing a right to one future share.
The new restricted stock units vest in four equal annual installments and are subject to cancellation and forfeiture under the company’s executive compensation recovery policy. To cover tax obligations related to these awards, 799 common shares were disposed of at $13.18 per share through share withholding rather than an open-market sale.
Shenandoah Telecommunications (SHEN) senior vice president Glenn E. Lytle Jr reported equity awards and related conversions, with no share sales. On February 19, 2026, he exercised or converted restricted stock units covering 2,123 and 2,956 units, and received a new grant of 13,437 restricted stock units, each representing one share of common stock. He also acquired 5,079 shares of common stock through a derivative exercise. After these transactions, he directly held 8,956 shares of common stock and 26,551 restricted stock units. The award vests in four equal annual installments and is subject to potential cancellation and forfeiture under the company’s executive compensation recovery policy.
Shenandoah Telecommunications SVP Sales & Marketing Dara Leslie reported multiple equity compensation transactions on common stock and restricted stock units. On February 19, 2026, she received a grant of 13,976 restricted stock units, each representing the right to one share of common stock.
Several existing restricted stock unit awards were exercised or converted into common stock, and 2,616 shares of common stock were disposed of at $13.18 per share to cover taxes through share withholding. The new award vests in four equal annual installments and is subject to the company’s executive compensation recovery (clawback) policy.
Shenandoah Telecommunications VP Chief HRO Heather K. Tormey reported multiple equity-related transactions on February 19, 2026. She acquired restricted stock units (RSUs) through exercises and a new grant, and converted RSUs into common stock at no cash cost per share.
The filing shows 13,820 RSUs granted as an award, in addition to several RSU exercises and conversions into common stock. After these derivative transactions, she directly held 30,342 RSUs, each representing a contingent right to one common share, vesting in four equal annual installments and subject to the company’s compensation recovery policy.
On the same date, RSU conversions increased her direct ownership of common stock to 28,586 shares, followed by a disposition of 3,050 common shares at $13.18 per share to satisfy tax withholding obligations. After this tax-withholding transaction, she directly owned 25,536 common shares.
Shenandoah Telecommunications insider compensation update: Senior Vice President of Engineering & Operations Richard W. Mason Jr. reported multiple equity-related transactions in company securities. On February 19, he exercised or converted several restricted stock units (RSUs) and received a new RSU award.
Mason acquired 12,249 shares of common stock through the exercise or conversion of derivative securities at a stated price of $0.0000 per share. He also received a new grant of 21,692 RSUs, each representing a contingent right to one share of common stock. Earlier RSU entries on the same date reflect additional RSU exercises or conversions in amounts of 2,282, 2,717, 2,570 and 4,680 units.
According to the footnotes, each RSU corresponds to one share of common stock. The new RSU award vests in four equal installments on the first, second, third and fourth anniversaries, and both the award and any shares issued from it are subject to potential cancellation and forfeiture under the company’s executive compensation recovery policy.
Shenandoah Telecommunications (SHEN) SVP & Chief Information Officer Elaine Cheng reported a mix of equity awards, vesting, and tax-related share disposal. On February 19, 2026, she acquired multiple blocks of common stock through the exercise or conversion of restricted stock units, and received a new award of 19,332 restricted stock units at no cost.
Each restricted stock unit represents the right to receive one share of common stock and vests in four equal annual installments, subject to the company’s executive compensation recovery policy. To cover tax obligations, 3,654 shares of common stock were disposed of at $13.18 per share, leaving 38,523 common shares held directly after the transactions.
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.
Shenandoah Telecommunications President & CEO Edward H. McKay reported several equity-related transactions. He exercised or converted multiple restricted stock unit awards into common stock, acquired a new grant of 64,492 restricted stock units, and had 7,251 common shares withheld at $13.18 per share to cover tax obligations.
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.
Energy Capital Partners Management, LP, a member of a Section 13(d) group in Shenandoah Telecommunications, reported the exercise of 10,924 restricted stock units, each representing a right to receive one share of common stock. This derivative exercise converted into 10,924 shares of common stock at a stated price of $0.00 per share. Following the transaction, the reporting person held 15,675 shares of Shenandoah Telecommunications common stock directly.
Shenandoah Telecommunications director Michael Anthony Rhymes reported equity award and related share movements. He received a grant of 9,863 restricted stock units, each representing a right to one common share. He also exercised 10,924 restricted stock units into 10,924 shares of common stock and then had 2,403 common shares withheld at a price of $13.01 per share to cover tax obligations. After these transactions, he directly owned 11,709.1107 shares of common stock.
Shenandoah Telecommunications director Leigh Ann Schultz reported equity transactions in company stock. She received a grant of 9,863 restricted stock units, each representing one share of common stock. She also exercised 10,924 restricted stock units into common shares and had 3,031 shares disposed at $13.01 to cover tax obligations, leaving 34,082 common shares held directly and 38 common shares held indirectly through her spouse.
Shenandoah Telecommunications director Kenneth L. Quaglio reported several equity-related transactions. He received a grant of 9,863 Restricted Stock Units on February 19, 2026, each RSU representing a contingent right to one share of common stock. On February 18, 2026, he exercised 10,924 RSUs, acquiring the same number of common shares at $0.00 per share, then disposed of 3,031 common shares at $13.01 per share to cover tax obligations. After these transactions, he directly owned 34,534.7194 common shares and 9,863 RSUs.
Shenandoah Telecommunications director Richard L. Koontz Jr. reported equity compensation and related share activity. On February 19, 2026, he acquired 9,863 Restricted Stock Units (RSUs) in a grant with no cash exercise price. Each RSU represents a contingent right to receive one share of common stock.
On February 18, 2026, he exercised 10,924 RSUs, converting them into 10,924 shares of common stock at a stated price of $0.00 per share, a non-cash derivative exercise. Following these transactions, he directly owns 71,606.1136 shares of common stock, and no RSUs remain from the exercised award.
Shenandoah Telecommunications director John W. Flora reported equity awards and an exercise of derivative securities. He received a grant of 9,863 restricted stock units, each representing a contingent right to one share of common stock. He also exercised 10,924 restricted stock units into 10,924 shares of common stock, bringing his directly held common stock position to 56,197 shares.
Shenandoah Telecommunications director Tracy Fitzsimmons reported equity compensation and related share movements. Fitzsimmons received a grant of 9863.0000 restricted stock units, each representing a contingent right to receive one share of common stock. On the prior day, 10924.0000 restricted stock units were converted into 10924.0000 shares of common stock.
To satisfy tax obligations tied to this conversion, 3031 shares of common stock were disposed of at a price of 13.0100 per share in a tax-withholding transaction, rather than an open-market sale. After these transactions, direct holdings reported were 53045.5343 shares of common stock and 9863.0000 restricted stock units.
Shenandoah Telecommunications director Thomas Beckett reported equity award and related transactions. He received a grant of 9,863 restricted stock units, each representing a contingent right to one common share. He also exercised 10,924 restricted stock units into common stock, with 3,031 common shares withheld at $13.01 per share to cover tax obligations. After these transactions, he directly holds 30,769.9298 shares of common stock and 9,863 restricted stock units.
Shenandoah Telecommunications director Victor Christopher Barnes reported multiple equity transactions. He received a grant of 9,863 restricted stock units, each representing a contingent right to one share of common stock. This increases his potential future ownership in the company.
On a separate date, 10,924 restricted stock units were exercised and converted into 10,924 shares of common stock at a stated price of $0.00 per share, raising his directly held common stock to 27,295.5714 shares before a tax-related adjustment. To satisfy tax withholding obligations, 2,970 common shares valued at $13.01 per share were disposed of, leaving him with 24,325.5714 directly owned common shares after these transactions.
SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported indirect equity award activity related to its director designee arrangement with LIF Vista, LLC and affiliated GCM Grosvenor entities. On February 18, 2026, 10,924 restricted stock units were disposed of to the issuer and an equal number of common shares were acquired through an exercise or conversion.
According to the footnotes, these securities were awarded to director James DiMola but are held for the benefit of LIF Vista or its affiliates, with transfers and any sale proceeds directed by LIF Vista. After these transactions, 4,105,126 shares of common stock were held indirectly through LIF Vista, with multiple GCM Grosvenor-related entities and Michael J. Sacks potentially deemed beneficial owners to the extent of their pecuniary interests.
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.
Shenandoah Telecommunications officer Elaine Cheng reported equity awards vesting and related tax share withholding. On February 2, 2026, she acquired 6,262 shares of common stock from performance-based restricted stock units granted on February 22, 2023, at a stated price of $0.
On the same date, she acquired an additional 3,562 shares from Strategic Retention Performance Share Units, also at $0, and had 3,480 shares withheld at $11.87 per share to cover taxes. Following these transactions, she directly beneficially owned 30,216 shares of common stock.
The awards vested based on relative total shareholder return versus a NASDAQ Telecom Index peer group and on operating metrics including fiber-to-the-home passings, capital expenditure per passing, and adjusted EBITDA for the three-year period ending December 31, 2025. This amended filing corrects prior minor clerical errors in share counts and transaction coding.
Shenandoah Telecommunications President & CEO Edward H. McKay reported equity award vesting and related tax withholding in a Form 4/A. On February 2, 2026, he acquired 12,204 shares of common stock from vesting performance-based restricted stock units and 10,007 shares from vesting strategic retention performance share units, both at $0 per share.
To cover taxes, 7,228 shares were disposed of at $11.87 per share. After these transactions, McKay beneficially owned 117,160 shares of common stock directly. The amended filing corrects minor clerical errors in previously reported share amounts and the transaction code.
Shenandoah Telecommunications (SHEN) senior vice president Dara Leslie reported equity award activity related to performance-based stock units, with this Form 4/A correcting an earlier clerical error. On February 2, 2026, 4,809 shares of common stock vested from performance-based restricted stock units granted on February 22, 2023, and 2,442 shares vested from Strategic Retention Performance Share Units granted on the same date. In connection with these vestings, 2,528 shares were disposed of at $11.87 per share under transaction code F, typically used for tax withholding. Following these transactions, Leslie beneficially owned 10,396 shares of common stock directly. The amendment states it corrects an immaterial clerical error in the number of shares previously reported as vesting under the Strategic Retention Performance Share Units, with no other changes made.
Shenandoah Telecommunications (SHEN) insider Heather K. Tormey, VP Chief HRO, reported equity award activity and a small tax-related share disposition. On 02/02/2026, she acquired 4,793 shares of common stock at $0 from vested performance-based RSUs granted February 22, 2023, bringing her holdings to 20,492 shares. The same day, she also acquired 811 additional common shares at $0 from vesting Strategic Retention Performance Share Units tied to fiber passings, capital expenditure efficiency, and adjusted EBITDA for a three-year period ending December 31, 2025, increasing her beneficial ownership to 21,303 shares before tax withholding. A separate transaction on February 2, 2026 shows 1,983 shares disposed of at $11.87 under code “F,” indicating shares withheld to cover taxes, leaving 19,320 shares directly owned. This filing is marked as an amendment to correct an immaterial clerical error in the previously reported number of shares vesting under the Strategic Retention Performance Share Units, with no other changes made.
Shenandoah Telecommunications Company senior vice president of engineering and operations Richard W. Mason Jr. reported stock awards vesting under two performance-based equity programs. On February 2, 2026, he acquired 6,340 shares of common stock at $0 from performance-based restricted stock units granted on February 22, 2023.
He also acquired 4,809 shares of common stock at $0 from Strategic Retention Performance Share Units granted on the same 2023 grant date. Following these transactions, Mason beneficially owned 42,690 shares of common stock directly. This amended Form 4 corrects an immaterial clerical error in the previously reported number of vesting shares for the Strategic Retention Performance Share Units, with no other changes.
Shenandoah Telecommunications executive Elaine Cheng reported equity award vesting and a small tax share withholding, and this amendment corrects an earlier clerical share count. On February 2, 2026, Cheng acquired 6,262 common shares from performance-based restricted stock units and 3,562 shares from strategic retention performance share units, both at $0 as they were vesting awards rather than open‑market purchases. The filing also shows 3,480 shares withheld at $11.87 to cover taxes. After these transactions, Cheng directly beneficially owned 30,216 common shares. The amendment states it was filed to correct an immaterial clerical error in the previously reported number of vested strategic retention performance units, with no other changes.
Shenandoah Telecommunications (SHEN) senior finance executive James J. Volk reported stock award vesting and corrected a prior filing. On 02/02/2026, he acquired 11,141 shares of common stock from vesting Strategic Retention Performance Share Units and 2,047 shares from performance-based Restricted Stock Units, both at $0 per share.
Following these transactions, Volk directly owned 72,973.567 shares of common stock and indirectly held 5,504.307 shares through his spouse. The amendment states it was filed solely to correct an immaterial clerical error in the number of vested Strategic Retention Performance Share Units previously reported.
Shenandoah Telecommunications President & CEO Edward H. McKay reported equity award vesting and a correction to a prior filing. On 02/02/2026, he acquired 12,204 shares of common stock from vesting performance-based restricted stock units and 10,007 shares from vesting Strategic Retention Performance Share Units, both at $0 per share.
Also on 02/02/2026, 7,228 shares were withheld at $11.87 per share to cover taxes, reducing the net shares he retained. After these transactions, McKay directly owned 117,160 common shares. The amendment corrects an immaterial clerical error in the previously reported vesting amount for the Strategic Retention Performance Share Units, with no other changes.
Shenandoah Telecommunications officer Heather K. Tormey reported equity award activity in company common stock. On February 2, 2026 she acquired 4,793 shares and 813 shares at a price of $0 per share through vesting of performance-based and strategic retention share units granted February 22, 2023.
On the same date, 1,983 shares were disposed of at $11.87 per share, leaving her with 19,322 common shares held directly after these transactions. The awards’ payouts were based on relative total shareholder return and operating metrics including fiber passings, capital spending efficiency, and adjusted EBITDA through December 31, 2025.
Shenandoah Telecommunications SVP Sales & Marketing Dara Leslie reported equity compensation activity. On February 2, 2026, she acquired 4,809 and 2,450 shares of common stock at $0 per share upon vesting of performance-based and strategic retention awards. A separate transaction withheld 2,528 shares at $11.87 per share, leaving her with 10,404 directly owned shares.
The first award vested based on relative total shareholder return versus a NASDAQ Telecom Index peer group. The second vested based on fiber-to-the-home passings, capital expenditure per incremental passing, and Adjusted EBITDA over a three-year period ending December 31, 2025.
Shenandoah Telecommunications senior executive Elaine Cheng reported equity award vesting and related share withholding. On February 2, 2026, she acquired 6,262 shares of common stock from performance-based restricted stock units and 3,573 shares from strategic retention performance share units, both at $0 per share.
Also on that date, 3,480 shares were withheld at $11.87 per share in a transaction coded "F," typically used for tax withholding. Following these transactions, she directly owned 30,227 common shares. The awards were tied to relative total shareholder return and operational metrics such as fiber passings, capital spending per passing, and Adjusted EBITDA over a three-year period ending December 31, 2025.
Shenandoah Telecommunications’ SVP Finance & CFO James J. Volk reported receiving company stock through vested performance awards. On February 2, 2026, he acquired 11,141 shares of common stock at $0 per share from vesting Strategic Retention Performance Share Units granted on February 22, 2023.
On the same date, he acquired an additional 2,053 shares at $0 per share from vesting performance-based Restricted Stock Units also granted on February 22, 2023. After these awards, he directly owns 72,979.567 shares and indirectly holds 5,504.307 shares through his spouse.
Shenandoah Telecommunications senior executive reports stock vesting from performance awards. SVP Engineering & Operations Richard W. Mason Jr received 6,340 shares of common stock on February 2, 2026 from vesting of performance-based restricted stock units and 4,824 shares from vesting of strategic retention performance share units, both at $0 per share. After these awards vested, he directly owned 42,705 shares of Shenandoah Telecommunications common stock.
The first award was tied to the company’s relative total shareholder return versus selected NASDAQ Telecom Index peers. The second was measured over a three-year period ending December 31, 2025 using fiber-to-the-home passings, capital spending per passing, and adjusted EBITDA.
Shenandoah Telecommunications President & CEO Edward H. McKay reported equity award vesting and related share transactions in company stock. On February 2, 2026, he acquired 12,204 shares of common stock at $0 per share from performance-based RSU vesting and 10,037 shares from strategic retention performance share unit vesting, both granted February 22, 2023.
On the same date, 7,228 shares of common stock were disposed of at $11.87 per share under transaction code F. After these transactions, McKay directly beneficially owned 117,190 shares of Shenandoah Telecommunications common stock.
Shenandoah Telecommunications Executive Chairman reports RSU vesting. On 02/02/2026, Executive Chairman Christopher E. French acquired 25,571 shares of SHEN common stock at $0 per share through the vesting of performance-based restricted stock units granted on February 22, 2023. These units vested based on the company’s total shareholder return versus a peer group in the NASDAQ Telecom Index. Following this transaction, he directly holds 436,088 common shares, in addition to various indirect holdings through his spouse, son, and multiple family trusts, for some of which he disclaims beneficial ownership where he has no pecuniary interest.
Shenandoah Telecommunications Company director Kenneth L. Quaglio reported receiving 52.6537 shares of common stock on February 2, 2026, taken in lieu of director fees at a price of $11.87 per share. After this transaction, he is shown as directly beneficially owning 26,641.7194 shares.
This Form 4/A is an amendment to a prior filing. It corrects an administrative error that had previously overstated his beneficial ownership as 60,682.1136 shares, replacing it with the updated 26,641.7194-share figure.
Shenandoah Telecommunications (SHEN) director Leigh Ann Schultz received 56.1643 shares of common stock on February 2, 2026, reported as an acquisition coded "A". The shares were received in lieu of director fees at a price of $11.87 per share.
After this grant, Schultz beneficially owns 26,189.1328 shares of common stock directly and 38 shares indirectly through a spouse. The filing reflects routine equity-based director compensation rather than an open-market purchase or sale.
Shenandoah Telecommunications director receives stock instead of fees. Director Michael Anthony Rhymes was awarded 42.123 shares of common stock of Shenandoah Telecommunications Co. on February 2, 2026, at a price of $11.87 per share, as compensation in lieu of director fees.
After this award, Rhymes beneficially owned a total of 3,188.1107 shares of Shenandoah Telecommunications common stock, held directly.
Shenandoah Telecommunications (SHEN) director Kenneth L. Quaglio acquired 52.6537 shares of common stock on 02/02/2026 through an automatic transaction coded "A". The shares were received in lieu of director fees at a price of $11.87 per share and are held directly.
After this award, Quaglio beneficially owns 60,682.1136 shares of Shenandoah Telecommunications common stock in direct ownership form.
Shenandoah Telecommunications Company director Richard L. Koontz Jr. received an award of common stock as part of his board compensation. On 02/02/2026, he acquired 42.123 shares of common stock at $11.87 per share, described as shares received in lieu of director fees. Following this transaction, he directly beneficially owned 60,682.1136 shares of Shenandoah Telecommunications common stock.
Shenandoah Telecommunications Company director Tracy Fitzsimmons received common stock as compensation. On 02/02/2026, Fitzsimmons acquired 87.7565 shares of SHEN common stock at $11.87 per share, taken in lieu of cash director fees. After this transaction, Fitzsimmons beneficially owned 45,152.5343 shares held directly.
Shenandoah Telecommunications director Thomas Beckett reported receiving company common stock as compensation. On 02/02/2026, he acquired 33.6984 shares of common stock at $11.87 per share, taken in lieu of director fees. After this transaction, he beneficially owned 22,876.9298 shares, all held directly.
Shenandoah Telecommunications Company director Victor Christopher Barnes received additional common stock as part of his board compensation. On 02/02/2026, he was awarded 68.8012 shares of common stock in a transaction coded "A" at a value of $11.87 per share.
These shares were received in lieu of director fees, meaning he took stock instead of cash. Following this award, Barnes directly beneficially owns 16,371.5714 shares of Shenandoah Telecommunications common stock.
Shenandoah Telecommunications director Michael Anthony Rhymes reported receiving additional company stock as part of his board compensation. On 01/05/2026, he acquired 43.2526 shares of common stock at a price of $11.56 per share.
According to the filing, these shares were received in lieu of director fees rather than bought on the open market. Following this transaction, Rhymes directly beneficially owned a total of 3,145.9877 shares of Shenandoah Telecommunications common stock.
Shenandoah Telecommunications Company director Tracy Fitzsimmons reported a routine equity compensation transaction. On 01/05/2026, the director acquired 90.1099 shares of common stock, identified with transaction code A, at a price of $11.56 per share. The filing notes these shares were received in lieu of director fees, meaning compensation was taken in stock instead of cash. Following this transaction, the director directly beneficially owned 45,064.7778 shares of Shenandoah Telecommunications common stock.