CHENG ELAINE 4/A

What Happened Elaine Cheng, SVP & Chief Information Officer of Shenandoah Telecommunications (SHEN), received 9,824 shares on February 2, 2026 through the vesting of performance- and retention-based restricted stock / performance share units (two awards: 6,262 and 3,562 shares). Simultaneously, 3,480 shares were disposed (code F) to satisfy tax withholding at $11.87 per share, totaling $41,308. The awards were reported as zero-cost acquisitions (code A).

Key Details

• Transaction date: February 2, 2026 (Form amended Feb 17, 2026; prior filings on Feb 5 and Feb 12 corrected clerical errors)
• Acquisitions: 6,262 shares (A) and 3,562 shares (A) at $0.00 (vested awards) — total 9,824 shares acquired
• Tax withholding/disposition: 3,480 shares (F) disposed at $11.87 = $41,308
• Net change to holdings: +6,344 shares (9,824 vested minus 3,480 withheld), per the transactions disclosed
• Shares owned after transaction: not included in the supplied excerpt — see the full Form 4/A for post-transaction beneficial ownership
• Footnotes: vesting tied to performance metrics — (F1) relative TSR vs. NASDAQ Telecom peers; (F2) Strategic Retention PSUs measured by FTTH passings, capex per incremental passings, and Adjusted EBITDA for the 3-year period ending 12/31/2025
• Filing notes: This is an amended filing to correct clerical errors (F3, F4). The original Form 4 was filed Feb 5, 2026 and subsequently amended.

Context

• The A transactions are grants/vestings of RSUs/PSUs (zero cash cost at vesting). The F-coded disposition reflects shares withheld to cover tax liability, a routine administrative step and not an open-market sale for investment purposes.
• Because these are vested performance and retention awards, they reflect compensation payout rather than a purchase decision by the insider. Amended filings and clerical corrections are common; check the full Form 4/A for exact post-transaction holdings and any filing-timeliness disclosures.