John W Flora 4

What Happened

• John W. Flora, a director of Shenandoah Telecommunications Co. (SHEN), had 9,863 restricted stock units (RSUs) vest and converted into 9,863 shares on April 21, 2026. The filing shows an acquisition via conversion (derivative transaction code M) of 9,863 shares and a simultaneous disposition of 9,863 shares at $0.00—consistent with company withholding of shares for tax purposes rather than an open-market sale. The RSUs vested on an accelerated basis due to Flora’s retirement on April 21, 2026.

Key Details

• Transaction date: April 21, 2026 (conversion/vesting)
• Price reported on disposition: $0.00 (disposition likely reflects tax withholding, not a cash sale)
• Shares involved: 9,863 RSUs converted to 9,863 common shares; same number disposed/withheld
• Footnotes: (F1) Each RSU equals one share; (F2) RSUs vested early because of the reporting person’s retirement
• Filing date: April 22, 2026 — filed promptly (within the typical 2-business-day Form 4 window)
• Transaction code: M = exercise or conversion of derivative/security-based award

Context

• This was not a market buy or sale signaling a trading opinion; it reflects the conversion/vesting of compensation awards upon retirement and share withholding to cover taxes. Such transactions are routine administrative events tied to compensation and are not direct indicators of the director’s view of the company’s stock.