Form 4: Shenandoah Telecommunications Director Acquires Shares in Lieu of Fees

Michael Anthony Rhymes, a director of Shenandoah Telecommunications, acquired shares of common stock in lieu of director fees on March 3, 2025.

Summary

• On March 3, 2025, Michael Anthony Rhymes, a director of Shenandoah Telecommunications Co/VA/, acquired 46.2535 shares of common stock at a price of $10.81.
• The shares were received in lieu of director fees.
• Following the transaction, Rhymes directly owns 2,746.3422 shares of Shenandoah Telecommunications common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine transaction. The director taking shares instead of cash could be seen as a slightly positive signal.

Positives

• Director's decision to take shares in lieu of fees demonstrates confidence in the company.

Industry Context

Directors receiving shares in lieu of fees is a common practice, especially for smaller companies, to conserve cash and align director interests with shareholders.

Related Party Transactions

• The receipt of shares in lieu of director fees is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders.

Key Dates