Olsen Angela M 4

What Happened

• Angela M. Olsen, Vice President, General Counsel & Secretary of Shenandoah Telecommunications Co. (SHEN), received a grant of 10,854 restricted stock units (RSUs) and had 1,252 RSUs convert/vest into common shares on February 19, 2026. Of the 1,252 vested shares, 443 shares were withheld to cover tax withholding at $13.18 per share (total tax withholding = $5,839), leaving a net 809 shares issued to her. The transactions were reported on a Form 4 filed February 23, 2026.
• These transactions are awards/vesting and tax-withholding events (not an open-market purchase or sale by the insider beyond the required withholding).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the required reporting window).
• Reported items: Grant (A) of 10,854 RSUs; Exercise/conversion (M) of 1,252 RSUs to shares; Tax withholding (F) of 443 shares at $13.18/share for $5,839.
• Net shares delivered from vesting: 1,252 vested − 443 withheld = 809 shares issued to Olsen.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F2 — the RSU award vests one‑fourth on each of the first four anniversaries and is subject to the company’s compensation recovery policy.
• Filing timeliness: Reported on Feb 23 for a Feb 19 transaction (timely under the two-business-day rule).

Context

• RSUs are a form of compensation that convert to shares when they vest; withholding of shares to cover taxes is routine and does not represent a market sale for investment purposes beyond tax obligations.
• This filing reflects compensation and vesting activity rather than a discretionary buy or sell decision by the insider.