Companies Shenandoah Telecommunications
Shenandoah Telecommunications (SHEN): executive pay, fiscal 2025
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CEO vs. named peers25th pct.Of 21 peer CEOs
CEO pay, last three years
- $3,418,824FY2023
- $3,347,146FY2024
- $3,007,359FY2025
CEO total pay was $3,007,359 in fiscal 2025, down from $3,347,146 in fiscal 2024.
FY2025: salary $638,779 · bonus $0 · stock awards $1,784,519 · option awards $0
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Christopher French | $638,779 | $0 | $1,784,519 | $0 | $555,061 | $0 | $29,000 | $3,007,359 |
| Executive Chairman (served as President and CEO until August 31) | ||||||||
| Edward McKay | 494,568 | 0 | 1,368,867 | 0 | 376,715 | 0 | 30,716 | 2,270,866 |
| President and CEO (served as EVP and COO until August 31) | ||||||||
| James Volk | 436,048 | 0 | 868,664 | 0 | 250,015 | 0 | 29,848 | 1,584,575 |
| SVP–Finance and CFO | ||||||||
| Richard Mason | 351,261 | 0 | 652,894 | 0 | 157,907 | 0 | 28,473 | 1,190,535 |
| SVP-Eng & Ops | ||||||||
| Elaine Cheng | 336,659 | 0 | 575,793 | 0 | 166,118 | 0 | 30,026 | 1,108,596 |
| SVP and CIO | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Christopher French | $3,007,359 | $3,347,146 | $3,418,824 | ↓ −339,787 |
| Edward McKay | 2,270,866 | 2,212,832 | 2,097,001 | ↑ +58,034 |
| James Volk | 1,584,575 | 1,621,660 | 1,652,076 | ↓ −37,085 |
| Richard Mason | 1,190,535 | 1,200,606 | 1,196,668 | ↓ −10,071 |
| Elaine Cheng | 1,108,596 | 1,134,326 | 1,141,789 | ↓ −25,730 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's executive compensation program is intended to attract and retain management talent needed to successfully lead the Company and increase shareholder value. It rewards executives for meeting defined objectives set by the Board and Compensation Committee, primarily through base salary, annual incentive bonuses, and long-term equity-based compensation that aligns executive interests with shareholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co., Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Elaine Cheng | PSU | 2025-02-18 | 6,007 | 12,014 | — | — | $142,967 |
| Elaine Cheng | PSU | 2025-02-18 | 8,939 | 17,878 | — | 26,817 | 220,078 |
| Christopher French | PSU | 2025-02-18 | 36,855 | 73,710 | — | 110,565 | 907,370 |
| Richard Mason | PSU | 2025-02-18 | 8,387 | 16,774 | — | — | 199,611 |
| Richard Mason | PSU | 2025-02-18 | 9,361 | 18,723 | — | 28,084 | 230,480 |
| Edward McKay | PSU | 2025-02-18 | 18,549 | 37,097 | — | — | 441,454 |
| Edward McKay | PSU | 2025-02-18 | 19,153 | 38,307 | — | 57,460 | 471,559 |
| Elaine Cheng | RSU | 2025-02-18 | — | — | 17,878 | — | 212,748 |
| Christopher French | RSU | 2025-02-18 | — | — | 73,710 | — | 877,149 |
| James Volk | PSU | 2025-02-18 | 3,520 | 7,040 | — | — | 83,776 |
| James Volk | PSU | 2025-02-18 | 16,210 | 32,420 | — | 48,630 | 399,090 |
| James Volk | RSU | 2025-02-18 | — | — | 32,420 | — | 385,798 |
| Richard Mason | RSU | 2025-02-18 | — | — | 18,723 | — | 222,804 |
| Edward McKay | RSU | 2025-02-18 | — | — | 38,307 | — | 455,853 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Elaine Cheng | $212,748 | $363,045 | $0 | 63.1% |
| Christopher French | 877,149 | 907,370 | 0 | 50.8% |
| Richard Mason | 222,804 | 430,091 | 0 | 65.9% |
| Edward McKay | 455,853 | 913,013 | 0 | 66.7% |
| James Volk | 385,798 | 482,866 | 0 | 55.6% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Richard Mason | RSU | 2,282 | — | $26,380 |
| Elaine Cheng | RSU | 2,282 | — | 26,380 |
| James Volk | RSU | 3,841 | — | 44,402 |
| James Volk | RSU | 3,921 | — | 45,327 |
| Edward McKay | RSU | 4,032 | — | 46,610 |
| Elaine Cheng | RSU | 5,369 | — | 62,066 |
| Richard Mason | RSU | 5,435 | — | 62,829 |
| Elaine Cheng | RSU | 6,790 | — | 78,492 |
| James Volk | RSU | 7,040 | — | 81,382 |
| Elaine Cheng | RSU | 7,579 | — | 87,613 |
| Richard Mason | RSU | 7,710 | — | 89,128 |
| Christopher French | RSU | 7,786 | — | 90,006 |
| Richard Mason | RSU | 9,210 | — | 106,468 |
| James Volk | RSU | 9,551 | — | 110,410 |
| Elaine Cheng | PSU | 10,105 | — | 116,814 |
| Richard Mason | PSU | 10,280 | — | 118,837 |
| Edward McKay | RSU | 10,462 | — | 120,941 |
| Elaine Cheng | RSU | 12,014 | — | 138,882 |
| James Volk | RSU | 13,545 | — | 156,580 |
| Edward McKay | RSU | 15,776 | — | 182,371 |
| Richard Mason | RSU | 16,774 | — | 193,907 |
| Elaine Cheng | RSU | 17,878 | — | 206,670 |
| Elaine Cheng | PSU | 17,878 | — | 206,670 |
| James Volk | PSU | 18,060 | — | 208,774 |
| Richard Mason | RSU | 18,723 | — | 216,438 |
| Richard Mason | PSU | 18,723 | — | 216,438 |
| Edward McKay | RSU | 20,370 | — | 235,477 |
| Edward McKay | PSU | 21,034 | — | 243,153 |
| Christopher French | RSU | 21,920 | — | 253,395 |
| Christopher French | RSU | 30,945 | — | 357,724 |
| James Volk | RSU | 32,420 | — | 374,775 |
| James Volk | PSU | 32,420 | — | 374,775 |
| Edward McKay | RSU | 37,097 | — | 428,841 |
| Edward McKay | RSU | 38,307 | — | 442,829 |
| Edward McKay | PSU | 38,307 | — | 442,829 |
| Christopher French | PSU | 41,260 | — | 476,966 |
| Christopher French | RSU | 73,710 | — | 852,088 |
| Christopher French | PSU | 73,710 | — | 852,088 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Tracy FitzsimmonsIndependent · Lead Independent Director · Compensation · Nominating and Corporate Governance (Chair) · Not standing for re-election · Departed during FY | $89,500 | $129,996 | — | — | — | $219,496 |
| Leigh Ann SchultzIndependent · Audit (Chair) | 80,000 | 129,996 | — | — | — | 209,996 |
| John W. FloraIndependent · Compensation (Chair) · Nominating and Corporate Governance · Not standing for re-election · Departed during FY | 75,000 | 129,996 | — | — | — | 204,996 |
| Kenneth L. QuaglioIndependent · Audit | 67,500 | 129,996 | — | — | — | 197,496 |
| Michael A. RhymesIndependent · Audit | 67,500 | 129,996 | — | — | — | 197,496 |
| Matthew S. DeNichiloIndependent · Audit | 67,500 | 129,996 | — | — | — | 197,496 |
| Victor C. BarnesIndependent · Compensation | 65,833 | 129,996 | — | — | — | 195,829 |
| Richard L. Koontz JrIndependent · Compensation | 65,000 | 129,996 | — | — | — | 194,996 |
| James F. DiMolaIndependent · Nominating and Corporate Governance | 62,500 | 129,996 | — | — | — | 192,496 |
| Thomas A. BeckettIndependent · Nominating and Corporate Governance | 62,500 | 129,996 | — | — | — | 192,496 |
Board fee structure and ownership guideline
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 12,504 / 7,500 / 5,004 |
| Stock ownership guideline | $3,600,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $702,833 |
| Equity awards (grant-date value) | $1,299,960 |
| All other compensation | $0 |
| Total cost of the board | $2,002,793 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Shenandoah Telecommunications as a peer
Companies that benchmark against SHEN
4 companies name SHEN as a compensation peer
- Anterix Inc.ATEXFY2026
- Clearfield, Inc.CLFDFY2025
- Iridium Communications Inc.IRDMFY2025
- OOMA INCOOMAFY2026
- WideOpenWest, Inc.WOWFY2024
Each company listed discloses SHEN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SHEN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
PRGS Progress Software CorporationWOW WideOpenWest, Inc.ATEN A10 Networks, Inc.EGHT 8X8, Inc.ATNI ATN International, Inc.AVNW Aviat Networks, Inc.BAND Bandwidth Inc.BASE CouchBase, Inc.CLFD Clearfield, Inc.CCOI Cogent Communications Holdings, Inc.CNSL Consolidated Communications Holdings, Inc.DGII Digi International Inc.APPS Digital Turbine, Inc.GSAT Globalstar, Inc.GOGO Gogo Inc.HLIT Harmonic Inc.IDCC InterDigital, Inc.IRDM Iridium Communications Inc.OOMA Ooma, Inc.SPOK Spok Holdings, Inc.TCX Tucows Inc.
Peer reciprocity
Of the companies Shenandoah Telecommunications names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
— Progress Software Corporation (PRGS)58✓ WideOpenWest, Inc. (WOW)59— A10 Networks, Inc. (ATEN)60 8X8, Inc. (EGHT)— ATN International, Inc. (ATNI)61— Aviat Networks, Inc. (AVNW)62— Bandwidth Inc. (BAND)63— CouchBase, Inc. (BASE)64✓ Clearfield, Inc. (CLFD)65— Cogent Communications Holdings, Inc. (CCOI)66 Consolidated Communications Holdings, Inc. (CNSL)— Digi International Inc. (DGII)67— Digital Turbine, Inc. (APPS)68 Globalstar, Inc. (GSAT)— Gogo Inc. (GOGO)69— Harmonic Inc. (HLIT)70— InterDigital, Inc. (IDCC)71✓ Iridium Communications Inc. (IRDM)72✓ Ooma, Inc. (OOMA)73— Spok Holdings, Inc. (SPOK)74 Tucows Inc. (TCX)
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Shenandoah Telecommunications.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Cogent Communications Holdings, Inc. | 2025 | Dave Schaeffer | $0 | $24,836,176 | $0 | $530,243 | $25,372,519 |
| 2 | Progress Software Corporation | 2025 | Yogesh Gupta | 649,038 | 7,043,127 | 1,800,010 | 845,000 | 10,534,808 |
| 3 | Gogo Inc. | 2025 | Christopher Moore | 850,000 | 4,999,997 | 0 | 1,033,855 | 9,043,298 |
| 4 | Iridium Communications Inc. | 2025 | Matthew Desch | 1,047,509 | 7,612,082 | 0 | 330,620 | 9,013,522 |
| 5 | CouchBase, Inc. | 2025 | Matthew Cain | 535,000 | 7,639,000 | 0 | 508,250 | 8,685,250 |
| 6 | InterDigital, Inc. | 2025 | Liren Chen | 750,384 | 3,999,999 | 1,333,333 | 1,691,000 | 7,847,557 |
| 7 | Bandwidth Inc. | 2025 | David Morken | 531,970 | 6,986,470 | 0 | 0 | 7,558,096 |
| 8 | A10 Networks, Inc. | 2025 | Dhrupad Trivedi | 697,917 | 5,211,973 | 0 | 1,056,800 | 6,974,141 |
| 9 | Harmonic Inc. | 2025 | Nimrod Ben-Natan | 609,000 | 4,927,562 | 0 | 570,000 | 6,163,092 |
| 10 | Ooma, Inc. | 2026 | Eric Stang | 619,551 | 3,852,800 | 0 | 500,000 | 5,028,580 |
| 11 | Digi International Inc. | 2025 | Ronald Konezny | 583,846 | 3,454,324 | 0 | 949,179 | 5,002,124 |
| 12 | Spok Holdings, Inc. | 2025 | Vincent Kelly | 500,000 | 452,000 | — | 456,914 | 4,817,820 |
| 13 | Digital Turbine, Inc. | 2026 | William Stone | 650,000 | 1,500,000 | 1,500,000 | 874,673 | 4,789,499 |
| 14 | Aviat Networks, Inc. | 2026 | Peter Smith | 650,000 | 3,559,276 | 0 | 196,563 | 4,417,472 |
| 15 | ATN International, Inc. | 2025 | Brad Martin | 545,192 | 1,930,777 | 0 | 546,000 | 3,035,458 |
| 16 | Shenandoah Telecommunications | 2025 | Christopher French | 638,779 | 1,784,519 | 0 | 555,061 | 3,007,359 |
| 17 | WideOpenWest, Inc. | 2024 | Teresa Elder | 894,348 | 223,588 | 0 | 1,519,273 | 2,637,209 |
| 18 | 8X8, Inc. | 2026 | Samuel Wilson | 500,000 | 1,660,114 | 0 | 332,500 | 2,495,614 |
| 19 | Clearfield, Inc. | 2025 | Cheryl Beranek | 460,000 | 999,986 | 0 | 131,511 | 1,613,404 |
| 20 | Globalstar, Inc. | 2025 | Paul Jacobs | 500,000 | 200,000 | 0 | 0 | 1,012,452 |
| 21 | Tucows Inc. | 2025 | David Woroch | 322,440 | 0 | 232,598 | 227,178 | 785,251 |
| — | Consolidated Communications Holdings, Inc. | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Shenandoah Telecommunications | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| 8X8, Inc. | 66.5% | RSU 67 · PSU 33 | No | Compensia, Inc. |
| A10 Networks, Inc. | not disclosed | PSU 50 · RSU 50 | No | Radford-AON |
| ATN International, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Compensia |
| Aviat Networks, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Compensia |
| Bandwidth Inc. | 103.6% | not disclosed | not disclosed | Meridian |
| Clearfield, Inc. | 29% | RSU 50 · PSU 50 | No | Compensia |
| Cogent Communications Holdings, Inc. | 106% | not disclosed | No | Compensia |
| Consolidated Communications Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| CouchBase, Inc. | 95% | not disclosed | No | Compensia |
| Digi International Inc. | 147% | RSU 50 · PSU 50 | Yes — TSR vs Russell 2000 Index | Radford Consulting (AON) |
| Digital Turbine, Inc. | not disclosed | PSU 50 · Options 50 | No | Pearl Meyer |
| Globalstar, Inc. | not disclosed | not disclosed | No | Independent compensation consultant (name not disclosed) |
| Gogo Inc. | 122% | RSU 100 | not disclosed | Compensation Strategies, Inc. |
| Harmonic Inc. | not disclosed | RSU 60 · MSU 20 · PSU 20 | Yes — TSR relative to Nasdaq Telecommunications Index | Exequity |
| InterDigital, Inc. | 178% | PSU 50 · RSU 50 | No | FW Cook |
| Iridium Communications Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | ClearBridge |
| Ooma, Inc. | 80% | RSU 100 | not disclosed | Compensia Inc. |
| Progress Software Corporation | 130% | PSU 50 · RSU 30 · Option 20 | Yes — Relative TSR | Pay Governance |
| Spok Holdings, Inc. | not disclosed | RSU 50 · PRSU 50 | not disclosed | AON |
| Tucows Inc. | not disclosed | Option 100 | not disclosed | not disclosed |
| WideOpenWest, Inc. | not disclosed | PRSU 75 · RSU 25 | not disclosed | Aon plc |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-21 | 35,844,332 | 790,299 | 151,531 | 97.84% | Passed |
| 2025 | 2025-04-22 | 36,383,019 | 716,777 | 96,455 | 98.07% | Passed |
| 2024 | 2024-04-30 | 39,371,962 | 1,755,631 | 474,098 | 94.64% | Passed |
| 2023 | 2023-04-25 | 31,797,144 | 632,998 | 207,935 | 98.05% | Passed |
| 2022 | 2022-04-19 | 30,900,516 | 635,468 | 122,747 | 97.98% | Passed |
| 2021 | 2021-04-20 | 33,615,192 | 390,332 | 300,253 | 98.85% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-04-21 | 97.84%a |
| 2025 | 2025-04-22 | 98.07%b |
| 2024 | 2024-04-30 | 94.64%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes cast and, therefore, will have no impact on the outcome of Proposal No.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be considered votes cast and, therefore, will have no impact on the outcome of Proposal No.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the effect of a vote "against" this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 36 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (74 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Christopher French. DEF 14A, filed 2026-03-09. Section “Summary Compensation Table” · page 29. As printed: 3,007,359. View filing ↗
- Section 01, Edward McKay. DEF 14A, filed 2026-03-09. Section “Summary Compensation Table” · page 29. As printed: 2,270,866. View filing ↗
- Section 01, James Volk. DEF 14A, filed 2026-03-09. Section “Summary Compensation Table” · page 29. As printed: 1,584,575. View filing ↗
- Section 01, Richard Mason. DEF 14A, filed 2026-03-09. Section “Summary Compensation Table” · page 29. As printed: 1,190,535. View filing ↗
- Section 01, Elaine Cheng. DEF 14A, filed 2026-03-09. Section “Summary Compensation Table” · page 29. As printed: 1,108,596. View filing ↗
- Section 03, Elaine Cheng PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Elaine Cheng PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher French PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Richard Mason PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Richard Mason PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Edward McKay PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Edward McKay PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Elaine Cheng RSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher French RSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Volk PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Volk PSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Volk RSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Richard Mason RSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Edward McKay RSU. DEF 14A, filed 2026-03-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-09. Section “CEO Pay Ratio”. As printed: 36 : 1. View filing ↗
- Section 08, Tracy Fitzsimmons. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 219,496. View filing ↗
- Section 08, Leigh Ann Schultz. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 209,996. View filing ↗
- Section 08, John W. Flora. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 204,996. View filing ↗
- Section 08, Kenneth L. Quaglio. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 197,496. View filing ↗
- Section 08, Michael A. Rhymes. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 197,496. View filing ↗
- Section 08, Matthew S. DeNichilo. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 197,496. View filing ↗
- Section 08, Victor C. Barnes. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 195,829. View filing ↗
- Section 08, Richard L. Koontz Jr. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 194,996. View filing ↗
- Section 08, James F. DiMola. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 192,496. View filing ↗
- Section 08, Thomas A. Beckett. DEF 14A, filed 2026-03-09. Section “Director Compensation”. As printed: 192,496. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-04-23. Item 5.07 · say-on-pay result. As reported: 97.84% (votes for as printed: 35,844,332). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-04-24. Item 5.07 · say-on-pay result. As reported: 98.07% (votes for as printed: 36,383,019). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-01. Item 5.07 · say-on-pay result. As reported: 94.64% (votes for as printed: 39,371,962). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 702,833 + equity 1,299,960 + all other 0 = 2,002,793, summed across the director compensation table rows.
- Cogent Communications Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Cogent Communications Holdings, Inc.'s own proxy. As printed: 25,372,519. View filing ↗
- Progress Software Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Progress Software Corporation's own proxy. As printed: 10,534,808. View filing ↗
- Gogo Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Gogo Inc.'s own proxy. As printed: 9,043,298. View filing ↗
- Iridium Communications Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Iridium Communications Inc.'s own proxy. As printed: 9,013,522. View filing ↗
- CouchBase, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-16. CEO total compensation as printed in CouchBase, Inc.'s own proxy. As printed: 8,685,250. View filing ↗
- InterDigital, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in InterDigital, Inc.'s own proxy. As printed: 7,847,557. View filing ↗
- Bandwidth Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Bandwidth Inc.'s own proxy. As printed: 7,558,096. View filing ↗
- A10 Networks, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in A10 Networks, Inc.'s own proxy. As printed: 6,974,141. View filing ↗
- Harmonic Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Harmonic Inc.'s own proxy. As printed: 6,163,092. View filing ↗
- Ooma, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in Ooma, Inc.'s own proxy. As printed: 5,028,580. View filing ↗
- Digi International Inc., Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in Digi International Inc.'s own proxy. As printed: 5,002,124. View filing ↗
- Spok Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Spok Holdings, Inc.'s own proxy. As printed: 4,817,820. View filing ↗
- Digital Turbine, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-13. CEO total compensation as printed in Digital Turbine, Inc.'s own proxy. As printed: 4,789,499. View filing ↗
- Aviat Networks, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-02. CEO total compensation as printed in Aviat Networks, Inc.'s own proxy. As printed: 4,417,472. View filing ↗
- ATN International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in ATN International, Inc.'s own proxy. As printed: 3,035,458. View filing ↗
- Shenandoah Telecommunications (subject), Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Shenandoah Telecommunications's own proxy. As printed: 3,007,359. View filing ↗
- WideOpenWest, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-27. CEO total compensation as printed in WideOpenWest, Inc.'s own proxy. As printed: 2,637,209. View filing ↗
- 8X8, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-24. CEO total compensation as printed in 8X8, Inc.'s own proxy. As printed: 2,495,614. View filing ↗
- Clearfield, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-15. CEO total compensation as printed in Clearfield, Inc.'s own proxy. As printed: 1,613,404. View filing ↗
- Globalstar, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Globalstar, Inc.'s own proxy. As printed: 1,012,452. View filing ↗
- Tucows Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Tucows Inc.'s own proxy. As printed: 785,251. View filing ↗
- Section 10a, Progress Software Corporation reciprocity. DEF 14A. Progress Software Corporation's most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, WideOpenWest, Inc. reciprocity. DEF 14A. WideOpenWest, Inc. names Shenandoah Telecommunications in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, A10 Networks, Inc. reciprocity. DEF 14A. A10 Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, ATN International, Inc. reciprocity. DEF 14A. ATN International, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Aviat Networks, Inc. reciprocity. DEF 14A. Aviat Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Bandwidth Inc. reciprocity. DEF 14A. Bandwidth Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, CouchBase, Inc. reciprocity. DEF 14A. CouchBase, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Clearfield, Inc. reciprocity. DEF 14A. Clearfield, Inc. names Shenandoah Telecommunications in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Cogent Communications Holdings, Inc. reciprocity. DEF 14A. Cogent Communications Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Digi International Inc. reciprocity. DEF 14A. Digi International Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Digital Turbine, Inc. reciprocity. DEF 14A. Digital Turbine, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Gogo Inc. reciprocity. DEF 14A. Gogo Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Harmonic Inc. reciprocity. DEF 14A. Harmonic Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, InterDigital, Inc. reciprocity. DEF 14A. InterDigital, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗
- Section 10a, Iridium Communications Inc. reciprocity. DEF 14A. Iridium Communications Inc. names Shenandoah Telecommunications in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Ooma, Inc. reciprocity. DEF 14A. Ooma, Inc. names Shenandoah Telecommunications in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Spok Holdings, Inc. reciprocity. DEF 14A. Spok Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Shenandoah Telecommunications. View filing ↗