Form 4: Director Receives Stock in Lieu of Fees

Michael Anthony Rhymes, a Director at Shenandoah Telecommunications Co., received 33.1565 shares of common stock valued at $15.08 per share in lieu of director fees.

Summary

• Michael Anthony Rhymes, a Director of Shenandoah Telecommunications Co., acquired 33.1565 shares of common stock on July 1, 2026.
• The shares were received in lieu of director fees.
• The transaction was executed under a Rule 10b5-1(c) plan.
• The value of the shares acquired was $15.08 per share.
• Following this transaction, Rhymes beneficially owns 11,874.5108 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine compensation transaction for a director rather than a significant strategic or financial event.

Positives

• Director compensation is being paid in stock, which aligns the interests of management with shareholders.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating pre-planned and potentially transparent trading activity.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that the use of stock for director compensation is a common practice in the telecommunications industry, aiming to foster long-term alignment with shareholder value.

Stakeholder Impact

• Shareholders: The issuance of stock for director fees can be viewed positively as it aligns director interests with those of shareholders, potentially leading to better long-term decision-making.

Key Dates

Keywords

Form 4, SEC Filing, Shenandoah Telecommunications, Director Compensation, Stock Acquisition, Beneficial Ownership, Rule 10b5-1