BARNES VICTOR CHRISTOPHER 4

What Happened Victor Christopher Barnes, a director of Shenandoah Telecommunications Co. (SHEN), was issued 54.156 shares on July 1, 2026 as an award/acquisition (Form 4 code A). The shares were valued at $15.08 each for a total of approximately $817. This was not an open-market purchase or sale but shares received as compensation.

Key Details

• Transaction date and price: 2026-07-01 at $15.08 per share.
• Shares acquired: 54.156 shares; total value ≈ $817.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Shares were received in lieu of director fees (F1).
• Filing timeliness: Report filed 2026-07-02 (timely).

Context This was a routine compensation issuance (shares in lieu of director fees), which is common for non-employee directors and does not by itself indicate a change in insider sentiment. The small dollar value suggests this was a periodic fee settlement rather than a material insider investment.