Shenandoah (SHEN) director designee awarded 5,376 RSUs for LIF Vista
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rinklin Matthew reported acquisition or exercise transactions in this Form 4 filing.
Shenandoah Telecommunications reported that director designee Matthew Rinklin received a grant of 5,376 restricted stock units on June 8, 2026. Each RSU represents a contingent right to receive one share of common stock. Under an arrangement with LIF Vista, LLC, any equity-based awards granted to Rinklin as a director are held for the benefit of LIF Vista or its affiliates, and he is described as having no pecuniary interest in these securities for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rinklin Matthew
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 5,376 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,376 shares (Direct, null)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of common stock. The Reporting Person serves as a director designee of LIF Vista, LLC ("LIF Vista") on the Board of Directors of the Issuer. In connection with this arrangement, any equity-based securities awarded to the Reporting Person in his capacity as a director of the Issuer will be held by the Reporting Person on behalf of LIF Vista or its affiliates, transferred by the Reporting Person to LIF Vista or its affiliates, and/or sold by the Reporting Person, with the proceeds of such sale to be remitted to LIF Vista or its affiliates, in each case as directed by LIF Vista. Accordingly, the Reporting Person does not have a pecuniary interest in these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
RSUs granted: 5,376 units
Grant price: $0.0000 per unit
Underlying shares: 5,376 shares
+3 more
6 metrics
RSUs granted
5,376 units
Restricted Stock Unit grant on June 8, 2026
Grant price
$0.0000 per unit
RSU award to director designee
Underlying shares
5,376 shares
Common stock underlying RSUs
Holdings after grant
5,376 derivative units
Total RSUs following transaction
Exercise date
February 19, 2027
RSU exercise date
Expiration date
February 19, 2027
RSU expiration date
Key Terms
Restricted Stock Unit, contingent right, pecuniary interest, Section 16, +2 more
6 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each RSU represents a contingent right to receive one share"
pecuniary interest financial
"the Reporting Person does not have a pecuniary interest in these securities"
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Board of Directors financial
"serves as a director designee of LIF Vista, LLC on the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
LIF Vista, LLC financial
"equity-based securities awarded will be held on behalf of LIF Vista, LLC"
FAQ
What insider transaction did SHEN report for Matthew Rinklin?
Shenandoah Telecommunications reported that director designee Matthew Rinklin received 5,376 restricted stock units as an equity-based award. The grant is in his capacity as a director, with the economic benefit allocated to LIF Vista, LLC or its affiliates rather than to him personally.
How many restricted stock units were granted in the latest SHEN Form 4?
The Form 4 shows a grant of 5,376 restricted stock units. Each RSU represents a contingent right to receive one share of Shenandoah Telecommunications common stock, reflecting equity-based compensation linked directly to the company’s share value over time.
What does each SHEN restricted stock unit granted to Matthew Rinklin represent?
Each restricted stock unit represents a contingent right to receive one share of Shenandoah Telecommunications common stock. This means the award converts into actual shares if specified conditions are met, aligning director compensation with future company performance and share value.
Who ultimately benefits from the SHEN RSU grant reported for Matthew Rinklin?
According to the filing, the RSU award is held on behalf of LIF Vista, LLC or its affiliates. Any equity-based securities or sale proceeds tied to Rinklin’s director service are directed to LIF Vista, and he is stated to lack pecuniary interest under Section 16.
Does Matthew Rinklin have a pecuniary interest in the SHEN RSUs reported?
The filing states that Rinklin does not have a pecuniary interest in these securities for Section 16 purposes. Equity awards granted for his director role are held for LIF Vista, LLC or its affiliates, including any related proceeds from future transactions as directed by LIF Vista.