RGC Resources (RGCO) VP discloses stock purchase and award on Form 4
Rhea-AI Filing Summary
RGC Resources executive Christen Brooke Miles, VP of Human Resources, reported two stock transactions involving company common shares. On 01/02/2026, Miles purchased 4.673 shares of common stock at $21.40 per share through the company’s Dividend Reinvestment and Stock Purchase Plan. On the same date, Miles received an award of 2,736 shares of restricted stock at a stated value of $21.40 per share under the Restricted Stock Plan.
The restricted shares are scheduled to vest over three years, with 912.000 shares vesting on 01/02/2026, 912.000 on 01/04/2027, and 912.000 on 01/03/2028. Following these transactions, Miles directly owned 9,624.281 common shares, including 2,712.334 shares of unvested restricted stock from current and prior grants. Miles also held 5,000 employee stock options with a $16.62 exercise price, exercisable from 04/18/2024 and expiring on 10/18/2033.
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FAQ
What insider transactions did RGCO VP Christen Brooke Miles report?
Christen Brooke Miles, VP of Human Resources at RGC Resources, reported buying 4.673 common shares at $21.40 and receiving a 2,736-share restricted stock award on 01/02/2026.
How many RGC Resources (RGCO) shares does the VP own after the reported Form 4 transactions?
After the reported transactions, Miles directly owned 9,624.281 shares of RGC Resources common stock, which includes 2,712.334 shares of unvested restricted stock from current and prior grants.
What are the vesting terms of the 2,736 restricted RGC Resources shares?
The 2,736 restricted shares vest over three years: 912.000 shares on 01/02/2026, 912.000 shares on 01/04/2027, and 912.000 shares on 01/03/2028.
How were some of the RGC Resources shares acquired by the VP?
The 4.673 common shares were purchased using optional cash contributions through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan at a price of $21.40 per share.
What stock options does the RGCO VP hold according to this Form 4?
Miles held 5,000 employee stock options with a $16.62 exercise price, exercisable from 04/18/2024 and expiring on 10/18/2033, tied to shares of RGC Resources common stock.
Does the total share count include unvested restricted stock for RGCO VP Miles?
Yes. The reported total of 9,624.281 common shares directly owned includes 2,712.334 shares of unvested restricted stock from current and prior awards.