RGC Resources (RGCO) director receives 305-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RGC Resources Inc. director Abney S. Boxley III acquired 305.292 shares of common stock on an award basis at $22.11 per share under the Restricted Stock Plan for Outside Directors. Following this grant, his holdings total 68,319.991 shares, including a small indirect position held through a UTMA account for his child.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOXLEY ABNEY S III
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 305.292 | $22.11 | $7K |
Holdings After Transaction:
Common Stock — 68,319.991 shares (Direct)
Footnotes (1)
- Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Includes 67,944.991 shares owned directly by reporting person and includes 375.000 shares owned indirectly through UTMA for the reporting person's child.
FAQ
What insider transaction did RGC Resources (RGCO) report for Abney S. Boxley III?
RGC Resources reported that director Abney S. Boxley III received an award of common stock under the company’s Restricted Stock Plan for Outside Directors. The Form 4 classifies this as a grant or other acquisition transaction, not an open-market purchase or sale.
Was the RGC Resources (RGCO) insider transaction a market buy or sell?
The transaction was not a market buy or sell. It is classified as a grant, award, or other acquisition of common stock under the Restricted Stock Plan for Outside Directors, meaning the director received shares as equity compensation rather than trading them on the open market.