RGC Resources (RGCO) VP adds shares through dividend reinvestment plan buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RGC Resources, Inc. vice president of human resources Miles Christen Brooke reported a small open-market purchase of 4.098 shares of common stock at $24.40 per share. The transaction used an optional cash contribution under the company’s Dividend Reinvestment and Stock Purchase Plan.
Following this purchase, Brooke directly owns 9,822.980 shares of common stock, which include 18.090 shares bought through dividends reinvested in the Dividend Reinvestment and Stock Purchase Plan and 68.662 restricted shares acquired through dividends reinvested in the Restricted Stock Plan. The filing also lists employee stock options with a $16.62 exercise price expiring on October 18, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4.098 shares ($100)
Net Buy
2 txns
Insider
Miles Christen Brooke
Role
VP, Human Resources
Bought
4.098 shs ($99.99)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4.098 | $24.40 | $99.99 |
| holding | Employee Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,822.98 shares (Direct, null);
Employee Stock Options — 0 shares (Direct, null)
Footnotes (1)
- Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. Includes 18.090 shares purchased 05/01/2026 through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan and 68.662 restricted shares purchased 05/01/2026 through dividends reinvested in the RGC Resources, Inc. Restricted Stock Plan.
Key Figures
Shares purchased: 4.098 shares
Purchase price: $24.40 per share
Shares owned after transaction: 9,822.980 shares
+4 more
7 metrics
Shares purchased
4.098 shares
Open-market purchase on May 1, 2026
Purchase price
$24.40 per share
Price for 4.098 common shares
Shares owned after transaction
9,822.980 shares
Direct common stock holdings following purchase
Dividend reinvestment shares
18.090 shares
Purchased 05/01/2026 via dividends reinvested in Dividend Reinvestment and Stock Purchase Plan
Restricted dividend reinvestment shares
68.662 shares
Restricted shares purchased 05/01/2026 via dividends reinvested in Restricted Stock Plan
Option exercise price
$16.62 per share
Employee stock options on common stock
Option expiration
October 18, 2033
Employee stock options term end date
Key Terms
Dividend Reinvestment and Stock Purchase Plan, Restricted Stock Plan, Employee Stock Options, open-market purchase
4 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.
Restricted Stock Plan financial
"68.662 restricted shares purchased 05/01/2026 through dividends reinvested in the RGC Resources, Inc. Restricted Stock Plan."
Employee Stock Options financial
"Employee Stock Options with a $16.6200 exercise price expiring 10/18/2033."
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 an open-market purchase of common stock."
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 vice president of human resources Miles Christen Brooke bought 4.098 shares of common stock at $24.40 per share. The purchase was made using an optional cash contribution through the company’s Dividend Reinvestment and Stock Purchase Plan.
What role did dividend reinvestment play in Miles Christen Brooke’s RGC Resources (RGCO) holdings?
Dividend reinvestment significantly contributed to Brooke’s position. His direct holdings include 18.090 shares bought through dividends reinvested in the Dividend Reinvestment and Stock Purchase Plan and 68.662 restricted shares from dividends reinvested in the Restricted Stock Plan, in addition to the recent cash contribution purchase.
What employee stock options for RGC Resources (RGCO) are listed for Miles Christen Brooke?
The filing lists employee stock options tied to RGC Resources common stock with a $16.62 exercise price and an October 18, 2033 expiration date. These options represent a potential future source of additional shares if exercised before expiration, subject to plan terms.
Is the RGC Resources (RGCO) insider transaction a buy or sell event?
The disclosed RGC Resources insider transaction is a buy event. Miles Christen Brooke executed an open-market purchase of 4.098 common shares at $24.40 per share using optional cash within the company’s Dividend Reinvestment and Stock Purchase Plan.