SCHULTZ LEIGH ANN 4

What Happened

• Leigh Ann Schultz, a director of Shenandoah Telecommunications Co. (SHEN), was issued 44.209 shares on July 1, 2026. The shares were valued at $15.08 each for a total value of approximately $667. This transaction is an award/acquisition (code A) — shares received in lieu of director fees — rather than an open‑market purchase or sale.

Key Details

• Transaction date and price: July 1, 2026; 44.209 shares at $15.08 per share.
• Total value: ~ $667 (as reported).
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares were received in lieu of director fees (compensatory award).
• Filing timeliness: Report filed July 2, 2026 (appears timely); no late‑filing indication.

Context

• Shares issued as compensation (director fees) are routine and reflect pay rather than a direct buy/sell market view; they do not necessarily indicate insider sentiment about the company’s stock.
• The dollar amount is small relative to a meaningful ownership stake, so this transaction is unlikely to materially affect Schultz’s holdings or signal a change in insider position.