RGC Resources (RGCO) director granted 241 shares in equity award

Rhea-AI Filing Summary

Ellett Frank Russell reported acquisition or exercise transactions in this Form 4 filing.

RGC Resources Inc. director Frank Russell Ellett received a grant of common stock under the company’s Restricted Stock Plan for Outside Directors. The award covered 241.724 shares at a reference price of $21.65 per share, bringing his directly owned holdings to 14,039.724 shares after the transaction.

Insights

Equity compensation analyst

Director received a small routine stock grant as board compensation.

Director Frank Russell Ellett acquired 241.724 shares of RGC Resources Inc. common stock via a compensation grant under the Restricted Stock Plan for Outside Directors. The grant is reported at $21.65 per share and reflects non-cash equity compensation rather than an open-market purchase.

After this award, Ellett directly holds 14,039.724 common shares, indicating the grant is modest relative to his existing position. As a routine director compensation event disclosed on Form 4, this transaction is generally viewed as administratively neutral rather than a signal of changing sentiment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ellett Frank Russell

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	241.724	$21.65	$5K

Holdings After Transaction: Common Stock — 14,039.724 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 241.724 shares Grant price: $21.65 per share Shares held after grant: 14,039.724 shares

3 metrics

Shares granted 241.724 shares Common stock grant under Restricted Stock Plan for Outside Directors

Grant price $21.65 per share Reported value for the stock grant

Shares held after grant 14,039.724 shares Director’s direct common stock holdings following transaction

Key Terms

Restricted Stock Plan for Outside Directors, grant/award acquisition, Form 4

3 terms

Restricted Stock Plan for Outside Directors financial

"Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc."

grant/award acquisition financial

"transaction_action: grant/award acquisition, transaction_code_description: Grant, award, or other acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ellett Frank Russell

(Last) (First) (Middle)

P. O. BOX 13007

(Street)

ROANOKE VIRGINIA 24030

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
RGC RESOURCES INC [ RGCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A(1)		241.724	A	$21.65	14,039.724	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

	/s/ Frank Russell Ellett by Timothy J. Mulvaney, POA dated 03/04/2026	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did RGC Resources (RGCO) report for Frank Russell Ellett?

RGC Resources reported that director Frank Russell Ellett received 241.724 shares of common stock as an equity grant. The shares were issued under the company’s Restricted Stock Plan for Outside Directors, rather than purchased on the open market, and were reported on Form 4.

How many RGC Resources (RGCO) shares does Frank Russell Ellett hold after this Form 4?

After the reported grant, Frank Russell Ellett directly holds 14,039.724 shares of RGC Resources common stock. This figure reflects his position following receipt of 241.724 shares issued under the Restricted Stock Plan for Outside Directors, as disclosed in the Form 4 filing.

Was the RGC Resources (RGCO) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a stock grant, not a market purchase. Director Frank Russell Ellett received 241.724 shares coded as an “A” transaction, described as a grant, award, or other acquisition under the Restricted Stock Plan for Outside Directors of RGC Resources Inc.

At what price was Frank Russell Ellett’s RGC Resources (RGCO) stock grant reported?

The 241.724-share grant to Frank Russell Ellett was reported at $21.65 per share. This price is a reporting value for the equity award under the Restricted Stock Plan for Outside Directors and does not represent an open-market trade by the director.

What does the footnote in the RGC Resources (RGCO) Form 4 disclosure explain?

The footnote explains that the shares were issued to the reporting person under an election pursuant to the Restricted Stock Plan for Outside Directors of RGC Resources Inc. This clarifies the transaction as director compensation rather than a discretionary market trade.