SHEN Director Michael Rhymes Receives 40.42 Shares as Fee

What Happened Michael Anthony Rhymes, a director of Shenandoah Telecommunications Co. (ticker: SHEN), was granted/acquired 40.42 shares on September 2, 2026 at an effective price of $12.37 per share, a total value of about $500. This was a compensation-related issuance (award/acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-02; Filing date: 2026-09-03 (no late filing indicated).
• Transaction type/code: A — grant/award or other acquisition.
• Shares: 40.42 at $12.37 per share; total value ≈ $500.
• Footnote: Shares received in lieu of director fees (conversion of cash director compensation into stock).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a compensation issuance (director fees converted to stock), which is routine for board members and does not necessarily signal a buy/sell sentiment about the company.
• For retail investors, compensation grants are useful to track but are different from open-market purchases (which may indicate a stronger personal investment signal).