[Form 4] Shenandoah Telecom Co Insider Trading Activity
Shenandoah Telecommunications Co. (SHEN) 鈥� Form 4 filed 01 Jul 2025
Director Tracy Fitzsimmons accepted 76.257 shares of SHEN common stock in lieu of a cash board-fee payment (transaction code 鈥淎鈥�). The stock was valued at $13.66 per share, bringing the director鈥檚 direct holding to 44,567.6173 shares. No derivative securities were involved and the filing does not cite a Rule 10b5-1 trading plan.
The transaction is compensation-related and immaterial relative to SHEN鈥檚 share count and market capitalization, but it modestly increases insider alignment without indicating any negative outlook. No other share sales or acquisitions were reported.
Shenandoah Telecommunications Co. (SHEN) 鈥� Modulo 4 depositato il 01 Lug 2025
La direttrice Tracy Fitzsimmons ha accettato 76.257 azioni di azioni ordinarie SHEN in sostituzione di un pagamento in contanti per la retribuzione del consiglio (codice transazione 鈥淎鈥�). Le azioni sono state valutate a 13,66 $ per azione, portando la partecipazione diretta della direttrice a 44.567,6173 azioni. Non sono stati coinvolti strumenti derivati e il deposito non menziona un piano di trading secondo la Regola 10b5-1.
La transazione 猫 legata alla compensazione e di entit脿 irrilevante rispetto al numero di azioni e alla capitalizzazione di mercato di SHEN, ma aumenta modestamente l鈥檃llineamento degli insider senza indicare alcuna prospettiva negativa. Non sono state segnalate altre vendite o acquisizioni di azioni.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formulario 4 presentado el 01 de julio de 2025
La directora Tracy Fitzsimmons acept贸 76.257 acciones de acciones comunes de SHEN en lugar de un pago en efectivo por honorarios de la junta (c贸digo de transacci贸n 鈥淎鈥�). Las acciones fueron valoradas en $13.66 por acci贸n, llevando la participaci贸n directa de la directora a 44,567.6173 acciones. No se involucraron valores derivados y la presentaci贸n no menciona un plan de negociaci贸n bajo la Regla 10b5-1.
La transacci贸n est谩 relacionada con compensaci贸n y es insignificante en relaci贸n con el n煤mero de acciones y la capitalizaci贸n de mercado de SHEN, pero aumenta modestamente la alineaci贸n interna sin indicar ninguna perspectiva negativa. No se reportaron otras ventas o adquisiciones de acciones.
Shenandoah Telecommunications Co. (SHEN) 鈥� 2025雲� 7鞗� 1鞚� 鞝滌稖霅� Form 4
鞚挫偓 Tracy Fitzsimmons電� 順勱笀 鞚挫偓須� 靾橃垬耄� 雽�鞁� 76,257欤�鞚� SHEN 氤错喌欤茧ゼ 靾橂牴頄堨姷雼堧嫟(瓯半灅 旖旊摐 鈥淎鈥�). 欤茧嫻 臧�旃橂姅 13.66雼煬搿� 韽夑皜霅橃柎 鞚挫偓鞚� 歆侅爲 氤挫湢 欤检嫕 靾橂姅 44,567.6173欤�臧� 霅橃棃鞀惦媹雼�. 韺岇儩 歃濌秾鞚� 韽暔霅橃 鞎婌晿鞙茧┌, 鞝滌稖靹滌棎電� Rule 10b5-1 瓯半灅 瓿勴殟鞚� 鞏戈笁霅橃 鞎婌晿鞀惦媹雼�.
鞚� 瓯半灅電� 氤挫儊瓿� 甏�霠悩鞐堨溂氅� SHEN鞚� 欤检嫕 靾� 氚� 鞁滉皜齑濎暋鞐� 牍勴暣 氙鸽頃� 攴滊鞚措倶, 雮措秬鞛� 鞝曤牞鞚� 雼れ唽 歃濌皜鞁滌及鞙茧┌ 攵�鞝曥爜鞚� 鞝勲鞚� 雮橅儉雮挫 鞎婌姷雼堧嫟. 雼るジ 欤检嫕 毵るГ 氤搓碃電� 鞐嗢棃鞀惦媹雼�.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formulaire 4 d茅pos茅 le 01 juillet 2025
La directrice Tracy Fitzsimmons a accept茅 76 257 actions ordinaires SHEN en lieu et place d鈥檜n paiement en esp猫ces pour des honoraires du conseil d鈥檃dministration (code de transaction 芦 A 禄). Les actions ont 茅t茅 茅valu茅es 脿 13,66 $ par action, portant la d茅tention directe de la directrice 脿 44 567,6173 actions. Aucun titre d茅riv茅 n鈥檃 茅t茅 impliqu茅 et le d茅p么t ne mentionne pas de plan de trading selon la r猫gle 10b5-1.
La transaction est li茅e 脿 une r茅mun茅ration et insignifiante par rapport au nombre d鈥檃ctions et 脿 la capitalisation boursi猫re de SHEN, mais elle augmente modestement l鈥檃lignement des initi茅s sans indiquer de perspective n茅gative. Aucune autre vente ou acquisition d鈥檃ctions n鈥檃 茅t茅 signal茅e.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formular 4 eingereicht am 01. Juli 2025
Direktorin Tracy Fitzsimmons akzeptierte 76.257 Aktien von SHEN-Stammaktien anstelle einer Barzahlung f眉r Vorstandshonorare (Transaktionscode 鈥濧鈥�). Die Aktien wurden mit 13,66 $ pro Aktie bewertet, wodurch der Direktbestand der Direktorin auf 44.567,6173 Aktien anstieg. Es waren keine derivativen Wertpapiere beteiligt, und die Einreichung erw盲hnt keinen Handelsplan gem盲脽 Regel 10b5-1.
Die Transaktion ist verg眉tungsbezogen und im Verh盲ltnis zur Aktienanzahl und Marktkapitalisierung von SHEN unerheblich, erh枚ht aber die Insider-Ausrichtung leicht, ohne negative Aussichten anzudeuten. Es wurden keine weiteren Aktienverk盲ufe oder -k盲ufe gemeldet.
- Director increased direct holdings by 76.257 shares, lifting total stake to 44,567.6173 shares and modestly enhancing insider alignment.
- None.
Insights
TL;DR: Routine director fee paid in stock; negligible impact on valuation or liquidity.
The 76-share issuance represents less than 0.1 % of the director鈥檚 position and an immaterial fraction of SHEN鈥檚 float. Because it is a compensation conversion rather than an open-market purchase, it provides only a mild positive signal of insider alignment and involves no cash outlay by the insider. The filing does not alter earnings forecasts or capital structure, so I classify it as neutral for investors.
TL;DR: Small stock-in-lieu payment strengthens ownership alignment; governance impact minimal.
Paying board fees in equity is a common practice to better align directors with shareholder interests. Fitzsimmons鈥� increased stake marginally heightens that alignment but, given the tiny share amount, it is unlikely to influence board decisions or shareholder perception materially. No red flags arise from the disclosure, and the absence of derivative activity simplifies the governance profile. Overall, impact is neutral-to-slightly positive.
Shenandoah Telecommunications Co. (SHEN) 鈥� Modulo 4 depositato il 01 Lug 2025
La direttrice Tracy Fitzsimmons ha accettato 76.257 azioni di azioni ordinarie SHEN in sostituzione di un pagamento in contanti per la retribuzione del consiglio (codice transazione 鈥淎鈥�). Le azioni sono state valutate a 13,66 $ per azione, portando la partecipazione diretta della direttrice a 44.567,6173 azioni. Non sono stati coinvolti strumenti derivati e il deposito non menziona un piano di trading secondo la Regola 10b5-1.
La transazione 猫 legata alla compensazione e di entit脿 irrilevante rispetto al numero di azioni e alla capitalizzazione di mercato di SHEN, ma aumenta modestamente l鈥檃llineamento degli insider senza indicare alcuna prospettiva negativa. Non sono state segnalate altre vendite o acquisizioni di azioni.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formulario 4 presentado el 01 de julio de 2025
La directora Tracy Fitzsimmons acept贸 76.257 acciones de acciones comunes de SHEN en lugar de un pago en efectivo por honorarios de la junta (c贸digo de transacci贸n 鈥淎鈥�). Las acciones fueron valoradas en $13.66 por acci贸n, llevando la participaci贸n directa de la directora a 44,567.6173 acciones. No se involucraron valores derivados y la presentaci贸n no menciona un plan de negociaci贸n bajo la Regla 10b5-1.
La transacci贸n est谩 relacionada con compensaci贸n y es insignificante en relaci贸n con el n煤mero de acciones y la capitalizaci贸n de mercado de SHEN, pero aumenta modestamente la alineaci贸n interna sin indicar ninguna perspectiva negativa. No se reportaron otras ventas o adquisiciones de acciones.
Shenandoah Telecommunications Co. (SHEN) 鈥� 2025雲� 7鞗� 1鞚� 鞝滌稖霅� Form 4
鞚挫偓 Tracy Fitzsimmons電� 順勱笀 鞚挫偓須� 靾橃垬耄� 雽�鞁� 76,257欤�鞚� SHEN 氤错喌欤茧ゼ 靾橂牴頄堨姷雼堧嫟(瓯半灅 旖旊摐 鈥淎鈥�). 欤茧嫻 臧�旃橂姅 13.66雼煬搿� 韽夑皜霅橃柎 鞚挫偓鞚� 歆侅爲 氤挫湢 欤检嫕 靾橂姅 44,567.6173欤�臧� 霅橃棃鞀惦媹雼�. 韺岇儩 歃濌秾鞚� 韽暔霅橃 鞎婌晿鞙茧┌, 鞝滌稖靹滌棎電� Rule 10b5-1 瓯半灅 瓿勴殟鞚� 鞏戈笁霅橃 鞎婌晿鞀惦媹雼�.
鞚� 瓯半灅電� 氤挫儊瓿� 甏�霠悩鞐堨溂氅� SHEN鞚� 欤检嫕 靾� 氚� 鞁滉皜齑濎暋鞐� 牍勴暣 氙鸽頃� 攴滊鞚措倶, 雮措秬鞛� 鞝曤牞鞚� 雼れ唽 歃濌皜鞁滌及鞙茧┌ 攵�鞝曥爜鞚� 鞝勲鞚� 雮橅儉雮挫 鞎婌姷雼堧嫟. 雼るジ 欤检嫕 毵るГ 氤搓碃電� 鞐嗢棃鞀惦媹雼�.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formulaire 4 d茅pos茅 le 01 juillet 2025
La directrice Tracy Fitzsimmons a accept茅 76 257 actions ordinaires SHEN en lieu et place d鈥檜n paiement en esp猫ces pour des honoraires du conseil d鈥檃dministration (code de transaction 芦 A 禄). Les actions ont 茅t茅 茅valu茅es 脿 13,66 $ par action, portant la d茅tention directe de la directrice 脿 44 567,6173 actions. Aucun titre d茅riv茅 n鈥檃 茅t茅 impliqu茅 et le d茅p么t ne mentionne pas de plan de trading selon la r猫gle 10b5-1.
La transaction est li茅e 脿 une r茅mun茅ration et insignifiante par rapport au nombre d鈥檃ctions et 脿 la capitalisation boursi猫re de SHEN, mais elle augmente modestement l鈥檃lignement des initi茅s sans indiquer de perspective n茅gative. Aucune autre vente ou acquisition d鈥檃ctions n鈥檃 茅t茅 signal茅e.
Shenandoah Telecommunications Co. (SHEN) 鈥� Formular 4 eingereicht am 01. Juli 2025
Direktorin Tracy Fitzsimmons akzeptierte 76.257 Aktien von SHEN-Stammaktien anstelle einer Barzahlung f眉r Vorstandshonorare (Transaktionscode 鈥濧鈥�). Die Aktien wurden mit 13,66 $ pro Aktie bewertet, wodurch der Direktbestand der Direktorin auf 44.567,6173 Aktien anstieg. Es waren keine derivativen Wertpapiere beteiligt, und die Einreichung erw盲hnt keinen Handelsplan gem盲脽 Regel 10b5-1.
Die Transaktion ist verg眉tungsbezogen und im Verh盲ltnis zur Aktienanzahl und Marktkapitalisierung von SHEN unerheblich, erh枚ht aber die Insider-Ausrichtung leicht, ohne negative Aussichten anzudeuten. Es wurden keine weiteren Aktienverk盲ufe oder -k盲ufe gemeldet.
FAQ
How many SHEN shares did Director Tracy Fitzsimmons acquire?
What was the price per share for the acquisition?
How many SHEN shares does the director now own?
Was the transaction part of a Rule 10b5-1 trading plan?
Did the filing involve any derivative securities?
Is this insider activity considered a purchase or a compensation grant?
