Form 4: Shenandoah Telecommunications Executive VP Exercises Stock Options
SEC Form 4 Filing
Edward H. McKay, Executive VP & COO of Shenandoah Telecommunications, reports exercising stock options and acquiring shares of common stock.
Summary
- On February 20, 2025, Edward H. McKay, Executive VP & COO of Shenandoah Telecommunications, exercised restricted stock units.
- These transactions involved the conversion of restricted stock units into common stock.
- McKay acquired 17,501 shares of common stock through the exercise of these units.
- Following these transactions, McKay directly owns 102,177 shares of Shenandoah Telecommunications common stock.
- The restricted stock units that were exercised had various vesting schedules and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction increases the executive's stake in the company, potentially aligning his interests more closely with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| February 2022 | 10% vesting of some restricted stock units |
| February 2023 | 30% vesting of some restricted stock units |
| February 2024 | 30% vesting of some restricted stock units |
| February 20, 2025 | Date of transaction: Exercise of restricted stock units and acquisition of common stock; 30% vesting of some restricted stock units |
| February 19, 2026 | Expiration date of some restricted stock units |
| February 18, 2027 | Expiration date of some restricted stock units |
| February 17, 2028 | Expiration date of some restricted stock units |
| February 24, 2025 | Date of signature on the Form 4 filing |
Keywords
SHEN, Shenandoah Telecommunications, Stock Options, Form 4, Executive VP, Edward H. McKay, Beneficial Ownership, Restricted Stock Units, Common Stock
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