Form 4: Shenandoah Telecommunications Executive Acquires Restricted Stock Units
SEC Form 4 Filing
Derek Rieger, VP Legal/Gen Counsel & Secretary of Shenandoah Telecommunications, acquired 10,336 restricted stock units on February 18, 2025, vesting over four years.
Summary
- On February 18, 2025, Derek Rieger, VP Legal/Gen Counsel & Secretary of Shenandoah Telecommunications Co/VA/, acquired 10,336 restricted stock units.
- These units represent a contingent right to receive one share of common stock each.
- The restricted stock units vest in four equal installments on each of the first, second, third, and fourth anniversaries of the grant date.
- Following the transaction, Rieger directly owns 23,509 shares of Shenandoah Telecommunications common stock.
- The restricted stock unit award is subject to cancellation and forfeiture according to the company's executive compensation policy.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of insider transactions, common in publicly traded companies. It provides transparency regarding the holdings of company executives.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction: Derek Rieger acquired 10,336 restricted stock units. |
| 02/15/2029 | Expiration date of the restricted stock units. |
Keywords
restricted stock units, Form 4, insider trading, SHEN, Shenandoah Telecommunications, executive compensation, Rieger, Derek
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