BARNES VICTOR CHRISTOPHER 4

What Happened
Victor Christopher Barnes, a director of Shenandoah Telecommunications Co. (SHEN), was issued 51.202 shares on June 1, 2026 at $15.95 per share, a grant/acquisition valued at approximately $817. The award was issued in lieu of cash director fees (compensation), not an open-market purchase.

Key Details

• Transaction date and price: 2026-06-01 — 51.202 shares @ $15.95 each (total ≈ $817).
• Transaction type: Code A — grant/award or other acquisition (shares received as compensation).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Shares received in lieu of director fees.
• Filing date/timeliness: Report filed 2026-06-02 (next-day filing, appears timely).

Context
Receiving shares in lieu of cash director fees is a routine form of compensation and does not necessarily signal the director buying stock for investment reasons. The value is modest (~$817), so this transaction is primarily administrative/compensatory rather than a material insider buy.