RGCO Form 4: Senior VP Acquires 8.889 Shares via DRIP
Rhea-AI Filing Summary
Lawrence T. Oliver, Senior VP and Secretary of RGC Resources, Inc. (RGCO), reported a purchase under the company’s dividend reinvestment and stock purchase plan on 10/01/2025. The Form 4 shows an acquisition of 8.889 shares of common stock at a price of $22.50 per share (transaction code P), with 23,779.109 shares beneficially owned following the transaction. The filing also lists outstanding employee stock options across four grants (strike prices $27.87, $22.93, $19.90, and $16.62) with respective expirations in 2030, 2031, 2032, and 2033, and zero vested/options exercised reported as of this Form 4. The reporter signed the form on 10/03/2025.
Positive
- Purchased 8.889 shares via the company’s Dividend Reinvestment and Stock Purchase Plan on 10/01/2025 at $22.50
- Beneficial ownership increased to 23,779.109 shares following the reported transaction
- Disclosure of employee option grants with specific strike prices and expiration dates enhances transparency
Negative
- None.
Insights
Insider used the DRIP to acquire a small number of shares, increasing holdings to 23,779.109.
The Form 4 records a purchase of 8.889 shares at $22.50 on 10/01/2025, reported under transaction code P, which the filer explains as purchases made via the company’s Dividend Reinvestment and Stock Purchase Plan.
The filing also discloses existing employee stock option grants with strike prices of $27.87, $22.93, $19.90, and $16.62 and expirations in 2030, 2031, 2032, and 2033. This report is a routine Section 16 disclosure showing an internal, plan-driven purchase rather than a market-timed acquisition.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 8.889 | $22.50 | $200.00 |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
Footnotes (1)
- F1. Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
