SCHULTZ LEIGH ANN 4

What Happened
Leigh Ann Schultz, a director of Shenandoah Telecommunications Co. (SHEN), was recorded as acquiring 42.382 shares on 2026-05-04 at an attributed price of $15.73 per share, for a total value of about $667. This was an award/acquisition (not an open-market purchase or sale) — the shares were issued in lieu of director cash fees.

Key Details

• Transaction date: 2026-05-04; Filing date (Form 4): 2026-05-05 (timely filing).
• Transaction type/code: A — Grant/award or other acquisition.
• Shares acquired: 42.382 at $15.73 per share; total value ≈ $667.
• Shares owned after transaction: Not specified in the report.
• Footnote: Shares received in lieu of director fees (F1).
• No sale, option exercise, 10% owner status, or 10b5-1 plan noted.

Context
Receiving shares in lieu of director fees is a routine form of compensation and does not necessarily signal insider buying intent or a change in view on the company. For retail investors, such awards are primarily administrative/compensation events rather than directional trading activity.