LESLIE DARA 4/A

4/A · SHENANDOAH TELECOMMUNICATIONS CO/VA/ · Filed Feb 12, 2026

AI-generated summary of this filing

Updated Feb 13, 2026

Shenandoah (SHEN) SVP Leslie Dara Receives Award, Sells Shares

What Happened

Leslie Dara, Senior VP Sales & Marketing at Shenandoah Telecommunications (SHEN), had performance- and retention-based restricted stock units vest on 2026-02-02. A total of 7,251 shares vested (4,809 shares + 2,442 shares) reported as awards at $0.00.
To satisfy tax withholding related to the vesting, 2,528 shares were disposed (reported under code F) at $11.87 per share for proceeds of $30,007. Net new shares retained from the vesting = 7,251 − 2,528 = 4,723 shares.

Key Details

Transaction date: February 2, 2026.
Awards: 4,809 shares and 2,442 shares reported as acquired at $0.00 (vested RSUs).
Tax withholding/disposition: 2,528 shares disposed at $11.87, totaling $30,007.
Shares owned after transaction: Not specified in this filing.
Footnotes:
- F1: Vesting of performance-based RSUs granted 2/22/2023, measured by relative total shareholder return vs. NASDAQ Telecom peers.
- F2: Vesting of Strategic Retention Performance Share Units (granted 2/22/2023) measured by FTTH passings, capex per incremental passings, and Adjusted EBITDA for 3‑year period ending 12/31/2025.
- F3: This Form 4/A corrects an immaterial clerical error in the number of shares reported as vesting in the Form 4 filed on Feb 5, 2026.
Filing status: Amended filing to correct a clerical error; no other changes noted.

Context

The disposal reported under code F indicates shares were withheld/sold to cover tax liabilities on vested awards (a routine administrative action), not an open-market sale expressing investment sentiment.
These awards stem from multi-year performance metrics; vesting reflects achievement (partial or full) of those metrics measured through 2025 and relative TSR vs. peers.

Form 4/AAmended

Period: 2026-02-02

SVP Sales & Marketing

Transactions

Footnotes (3)

[F1]Represents vesting of performance-based Restricted Stock Units granted February 22, 2023. Performance for this award was measured on the Issuer's relative total return (TSR) compared to the TSR of a group of companies in the NASDAQ Telecom Index with a Market Cap between 100 million and 100 billion, above and below the Issuer's then current Market Cap.
[F2]Represents the vesting Strategic Retention Performance Share Units granted February 22, 2023. Performance for this award was measured based on the number of Fiber-To-The-Home passings, capital expenditure per incremental passings, and Adjusted Earnings Before Interest Taxes, Depreciation and Amortization for the three-year period ending December 31, 2025.
[F3]This Form 4/A is being filed to correct an immaterial clerical error in the number of shares reported as vesting pursuant to Strategic Retention Performance Share Units in the Form 4 filed on February 5, 2026. No other changes have been made.

Signature

Christopher E French Attorney in Fact for Dara Leslie|2026-02-12

1 file