BARNES VICTOR CHRISTOPHER 4

What Happened Victor Christopher Barnes, a director of Shenandoah Telecommunications Co. (SHEN), received an award of 51.918 shares on May 4, 2026. The shares were valued at $15.73 each, for a total of about $817. This was an award — shares issued in lieu of director fees — rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-04; 51.918 shares @ $15.73 per share.
• Total value: approximately $817.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnote: F1 notes these shares were received in lieu of director fees (non-cash compensation).
• Filing timing: Form 4 was filed on 2026-05-05 for a 2026-05-04 transaction; this appears to be a timely filing.

Context Director awards in lieu of cash fees are routine compensation and do not by themselves indicate an insider buying or selling for investment reasons. The dollar value here is modest, reflecting routine director compensation rather than a significant stake change.