Form 4: Shenandoah Telecommunications Director Acquires Shares in Lieu of Fees
SEC Form 4
Kenneth L Quaglio, a director of Shenandoah Telecommunications, acquired shares of common stock in lieu of director fees on October 1, 2024.
Summary
- On October 1, 2024, Kenneth L Quaglio, a director of Shenandoah Telecommunications Co/VA/, acquired 44.2948 shares of common stock at a price of $14.11 per share.
- The shares were received in lieu of director fees.
- Following the transaction, Quaglio beneficially owns 21,281.4458 shares of Shenandoah Telecommunications common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (shares in lieu of fees). It's neutral to slightly positive as it shows director's alignment with company's equity.
Positives
- Director's acquisition of shares demonstrates confidence in the company.
Industry Context
Directors often receive shares as part of their compensation, aligning their interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Kenneth L Quaglio acquired shares of common stock in lieu of director fees. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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