SCHULTZ LEIGH ANN 4

What Happened
Leigh Ann Schultz, a director of Shenandoah Telecommunications Co. (SHEN), received an award of 43.234 shares on April 2, 2026. The shares were valued at $15.42 each, for a total reported value of approximately $667. This was not a market purchase or sale but shares issued in lieu of director fees.

Key Details

• Transaction date and price: 2026-04-02 at $15.42 per share.
• Shares received: 43.234 shares, total value ≈ $667.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: F1 — shares were received in lieu of director fees.
• Timeliness: Reported with the same transaction date (no late filing noted in the record).

Context
Receiving shares as compensation for board service is a common practice and reflects non-cash director pay rather than an open-market investment decision. Such awards are routine and do not necessarily signal the director’s personal buying or selling intent.