VOLK JAMES J 4/A
Research Summary
AI-generated summary
Shenandoah Telecommunications (SHEN) CFO James J. Volk Receives Award
What Happened
- James J. Volk, Senior Vice President Finance & Chief Financial Officer of Shenandoah Telecommunications Co. (SHEN), had two awards vest on February 2, 2026: 11,141 shares and 2,047 shares, for a total of 13,188 shares. Both transactions are coded "A" (award/acquisition) and show $0.00 per share, reflecting shares issued upon vesting rather than a market purchase.
Key Details
- Transaction date(s) and price(s): 2026-02-02 — 11,141 shares @ $0.00 and 2,047 shares @ $0.00 (total 13,188 shares).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: 11,141 shares represent vesting Strategic Retention Performance Share Units granted Feb 22, 2023; performance measured by FTTH passings, capex per incremental passings, and adjusted EBITDA for the three-year period ending Dec 31, 2025.
- F2: 2,047 shares represent vesting performance-based Restricted Stock Units (granted Feb 22, 2023) measured by relative total shareholder return vs. a NASDAQ Telecom Index peer group.
- F3: The filing notes inclusion of 32.473 shares acquired via dividend reinvestment on 12-1-25.
- F4: This is an amended Form 4/A filed to correct a clerical error in the previously filed Form 4 (Feb 5, 2026); no other changes were made.
- Filing status: Amended Form 4/A (correction to the prior Form 4). The original report was filed on Feb 5, 2026; this amendment was filed Feb 12, 2026 to correct the share count.
Context
- These were vesting awards (not open-market purchases or sales). Vesting indicates performance conditions or service requirements were met for awards granted in 2023; the shares were issued to the insider rather than bought or sold. Such award vesting is routine compensation and does not by itself indicate insider buying or selling sentiment.