RGC Resources SVP buys shares via DRIP plan
RGC Resources Inc. Senior VP and Secretary Lawrence T. Oliver reported buying additional common stock through the company’s Dividend Reinvestment and Stock Purchase Plan.
Rhea-AI Filing Summary
RGC Resources Inc. Senior VP and Secretary Lawrence T. Oliver reported buying additional common stock through the company’s Dividend Reinvestment and Stock Purchase Plan. He acquired 9.046 shares of common stock at a price of $22.11 per share. Following this purchase, his direct ownership increased to 29,777.234 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9.046 shares
Net Buy
5 txns
Insider
Oliver Lawrence T.
Role
Senior VP and Secretary
Bought
9.046 shs ($200.01)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 9.046 | $22.11 | $200.01 |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,777.234 shares (Direct);
Employee Stock Options — 0 contracts (Direct)
Footnotes (1)
- F1. Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What role does the insider in this RGC Resources (RGCO) Form 4 hold?
The reporting person, Lawrence T. Oliver, serves as Senior VP and Secretary at RGC Resources Inc. His Form 4 filing reflects a personal purchase of common stock through the company’s Dividend Reinvestment and Stock Purchase Plan, adding marginally to his direct share ownership.
Was the RGC Resources (RGCO) insider transaction an open-market buy?
The transaction is categorized as a purchase, with details indicating it occurred via the Dividend Reinvestment and Stock Purchase Plan. This means additional shares were acquired using optional cash contributions under the plan rather than a standard discretionary open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.