Form 4: Leigh Ann Schultz Reports Acquisition of Shenandoah Telecommunications Stock
SEC Form 4 Filing
Director Leigh Ann Schultz reports acquiring shares of Shenandoah Telecommunications Co/VA/ (SHEN) in lieu of director fees.
Summary
- Leigh Ann Schultz, a director of Shenandoah Telecommunications Co/VA/ (SHEN), reported a transaction on October 1, 2024.
- Schultz acquired 47.2481 shares of Common Stock at a price of $14.11.
- These shares were received in lieu of director fees.
- Following the transaction, Schultz directly owns 20,774.6538 shares of Common Stock.
- Schultz's spouse indirectly owns 38 shares of Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction of a director receiving stock as part of their compensation.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.
Industry Context
Directors often receive stock as part of their compensation, aligning their interests with shareholders. This is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Leigh Ann Schultz acquired shares of Shenandoah Telecommunications Common Stock. |
| 10/02/2024 | Date of signature: Christopher E French, Attorney in Fact, signed the report on behalf of Leigh Ann Schultz. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.