DiMola James F 4

What Happened
James F. DiMola, a director of Shenandoah Telecommunications Co. (SHEN), was granted 9,863 restricted stock units (RSUs) on February 19, 2026. The Form 4 reports the award as a derivative acquisition at $0. Each RSU represents a contingent right to receive one share of common stock if and when the RSUs vest; no shares were sold or purchased for cash in this transaction.

Key Details

• Transaction date: 2026-02-19 (reported on Form 4 filed 2026-02-23). Filing appears to be within the standard two business-day reporting window.
• Transaction type/code: Award/Grant (A) of derivative securities (RSUs) at $0.
• Amount: 9,863 RSUs granted.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each RSU equals a contingent right to one share of common stock.
  • F2: DiMola serves as a director designee of LIF Vista, LLC; the RSUs will be held by or transferred/sold for LIF Vista or its affiliates, and DiMola states he does not have a pecuniary interest in these securities for Section 16 purposes.

Context
RSU awards are common compensation for directors and are not an immediate cash purchase or sale; they typically vest over time and convert into shares (or cash) upon vesting. Because these RSUs are held for or on behalf of LIF Vista per the filing, this grant reflects the designee arrangement rather than a personal economic investment by DiMola.