RGC Resources (RGCO) director receives restricted stock grant under board plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McClanahan Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
RGC Resources Inc director Elizabeth A. McClanahan received a grant of 86.252 shares of Common Stock, valued at $24.27 per share. The award was issued under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Following this equity grant, she directly holds 5,066.408 shares of company stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McClanahan Elizabeth A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 86.252 | $24.27 | $2K |
Holdings After Transaction:
Common Stock — 5,066.408 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 86.252 shares
Grant price: $24.27 per share
Shares owned after grant: 5,066.408 shares
3 metrics
Shares granted
86.252 shares
Equity award to director Elizabeth A. McClanahan
Grant price
$24.27 per share
Value assigned to Common Stock grant
Shares owned after grant
5,066.408 shares
Director’s direct Common Stock holdings post-transaction
Key Terms
Restricted Stock Plan for Outside Directors, grant/award acquisition, Common Stock
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" for the Form 4 entry"
Common Stock financial
"security_title: "Common Stock" for the reported transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did RGC Resources (RGCO) report for Elizabeth A. McClanahan?
RGC Resources reported that director Elizabeth A. McClanahan received a grant of 86.252 shares of Common Stock. The shares were issued under the company’s Restricted Stock Plan for Outside Directors, reflecting routine equity-based compensation rather than an open-market purchase.
Was the RGC Resources (RGCO) director’s Form 4 transaction an open-market buy or a grant?
The Form 4 shows a grant, not an open-market buy. Code “A” and the footnote explain that 86.252 shares were issued to director Elizabeth A. McClanahan under the Restricted Stock Plan for Outside Directors, representing compensation-related acquisition.
What plan was used for the RGC Resources (RGCO) director’s stock award?
The shares were issued under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. The footnote specifies that the award resulted from an election under this plan, indicating it is part of the company’s regular director compensation structure.