McKay Edward H 4/A

What Happened

• Edward H. McKay, President & CEO of Shenandoah Telecommunications Co. (SHEN), reported the vesting of incentive awards on Feb 2, 2026. The filing shows 22,211 shares related to performance- and retention-based awards (12,204 and 10,007) and the withholding of 7,228 shares to satisfy tax liability valued at $11.87 per share (total ~$85,796).
• Transaction types: awards/acquisitions (code A) for the vested shares and a tax-withholding disposition (code F) for the 7,228 shares.

Key Details

• Transaction date: 2026-02-02.
• Awarded/vested shares reported: 12,204 (A, acquired) and 10,007 (A, reported as disposed at $0.00 in the filing); total shown = 22,211 shares.
• Tax withholding: 7,228 shares (F) disposed at $11.87 each, totaling $85,796 to cover tax liability.
• Shares owned after the transaction: not stated in the provided filing.
• Footnotes:
  • F1: Vesting includes performance-based RSUs granted Feb 22, 2023, measured by relative total shareholder return versus peers in the NASDAQ Telecom Index.
  • F2: Vesting also includes Strategic Retention Performance Share Units (granted Feb 22, 2023) measured by FTTH passings, capex per incremental passings, and adjusted EBITDA for the three-year period ending Dec 31, 2025.
  • F3: This is an amended Form 4 correcting an immaterial clerical error in the previously filed Form 4 (filed Feb 5, 2026); no other changes were made.

Context

• Code A indicates awards/acquisitions (vesting of restricted/ performance stock units); code F indicates shares disposed to satisfy tax withholding — a routine administrative step rather than an open-market sale.
• The filing is an amended report to correct previously reported vesting figures; the amendment does not indicate a change in the economic substance of the transaction.