Form 4: Shenandoah Telecommunications Director Acquires Restricted Stock Units
SEC Form 4 Filing
Michael Anthony Rhymes, a director of Shenandoah Telecommunications, acquired 10,924 restricted stock units on February 18, 2025, convertible to common stock.
Summary
- On February 18, 2025, Michael Anthony Rhymes, a director of Shenandoah Telecommunications CO/VA/, acquired 10,924 restricted stock units.
- Each restricted stock unit represents a contingent right to receive one share of common stock.
- The restricted stock units were acquired on February 18, 2025 and are exercisable and expire on February 18, 2026.
- Following the transaction, Rhymes directly owns 10,924 derivative securities.
Sentiment
Score: 5
Explanation: The document simply reports an insider transaction, which is neutral in sentiment.
Stakeholder Impact
- The acquisition of restricted stock units by a director could be perceived positively by shareholders as it aligns the director's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of earliest transaction: Acquisition of restricted stock units |
| 02/18/2026 | Date the restricted stock units are exercisable and expire |
| 02/20/2025 | Date of Form 4 filing |
Keywords
restricted stock units, Form 4, SHEN, director, acquisition, Shenandoah Telecommunications, insider trading
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