Koontz Richard L Jr 4

What Happened Richard L. Koontz Jr., a director of Shenandoah Telecommunications Co. (SHEN), was awarded 42.123 shares on February 2, 2026. The award was recorded at $11.87 per share for a total reported value of $500. This was an award/acquisition (code A) — shares issued in lieu of director fees, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-03 (Form 4 filed timely).
• Shares received: 42.123; price per share: $11.87; total value: $500 (reported).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — shares received in lieu of director fees.
• Transaction type: A (award/acquisition); not an exercise, sale, or gift.

Context Stock issued in lieu of director fees is routine compensation for board members and is primarily administrative/compensatory rather than a direct signal of insider sentiment. The small dollar amount ($500) suggests this was a modest fee conversion rather than a material ownership change.