Small RGC Resources (RGCO) insider purchase via dividend plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RGC Resources VP of Human Resources Miles Christen Brooke bought a small amount of company stock through a company plan. On July 1, 2026, Brooke purchased 6.18 shares of Common Stock at $24.27 per share using an optional cash contribution under the RGC Resources Dividend Reinvestment and Stock Purchase Plan. After this transaction, Brooke directly owns 9,833.527 shares of RGC Resources common stock. The filing also notes an outstanding grant of Employee Stock Options with an exercise price of $16.62 per share that expires on October 18, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6.18 shares ($150)
Net Buy
2 txns
Insider
Miles Christen Brooke
Role
VP, Human Resources
Bought
6.18 shs ($149.99)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 6.18 | $24.27 | $149.99 |
| holding | Employee Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,833.527 shares (Direct, null);
Employee Stock Options — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 6.18 shares
Purchase price: $24.27 per share
Post-transaction holdings: 9,833.527 shares
+2 more
5 metrics
Shares purchased
6.18 shares
Common Stock bought on July 1, 2026
Purchase price
$24.27 per share
Price for 6.18 Common Stock shares
Post-transaction holdings
9,833.527 shares
Total Common Stock directly owned after trade
Option exercise price
$16.62 per share
Employee Stock Options on Common Stock
Option expiration
October 18, 2033
Employee Stock Options expiry date
Key Terms
Dividend Reinvestment and Stock Purchase Plan, Employee Stock Options, open-market purchase
3 terms
Dividend Reinvestment and Stock Purchase Plan financial
"Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan."
A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.
Employee Stock Options financial
"Employee Stock Options with an exercise price of 16.6200 and expiration date of 2033-10-18."
Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.
open-market purchase financial
"transaction_action is described as open-market purchase for the Common Stock transaction."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
What insider transaction did RGC Resources (RGCO) report for Miles Christen Brooke?
RGC Resources reported that VP of Human Resources Miles Christen Brooke bought 6.18 shares of Common Stock at $24.27 per share. The purchase occurred on July 1, 2026 through the company’s Dividend Reinvestment and Stock Purchase Plan.
Was the RGC Resources (RGCO) insider purchase made under a company stock plan?
Yes. The filing states the purchase was made with an optional cash contribution under the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. This indicates the transaction was executed through a structured company plan rather than a purely discretionary open-market trade.