RGC Resources (RGCO) director receives restricted stock award under plan

Rhea-AI Filing Summary

RGC Resources Inc. director Frank Russell Ellett reported receiving a grant of common stock under the company’s Restricted Stock Plan for Outside Directors. On March 2, 2026, he acquired 236.695 shares at $22.11 per share through this award. Following the transaction, his directly held common stock totaled 13,798 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ellett Frank Russell

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	236.695	$22.11	$5K

Holdings After Transaction: Common Stock — 13,798 shares (Direct)

Footnotes (1)

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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 VA 24030

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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	03/02/2026		A(1)		236.695	A	$22.11	13,798	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	03/04/2026
	** 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.

FAQ

What did RGC Resources (RGCO) director Frank Russell Ellett report in this Form 4?

Frank Russell Ellett reported receiving a grant of RGC Resources common stock. He acquired 236.695 shares on March 2, 2026 at $22.11 per share under the Restricted Stock Plan for Outside Directors, increasing his directly held ownership to 13,798 shares.

How many RGC Resources shares did the director acquire and at what price?

The director acquired 236.695 shares of RGC Resources common stock at $22.11 per share. This transaction was characterized as a grant or award rather than an open-market purchase, occurring on March 2, 2026 under the outside directors’ restricted stock plan.

What is Frank Russell Ellett’s RGC Resources share ownership after the reported grant?

After the reported grant, Frank Russell Ellett directly holds 13,798 shares of RGC Resources common stock. This total includes the 236.695 shares issued to him on March 2, 2026 pursuant to the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

What type of transaction is reported for RGC Resources (RGCO) in this insider filing?

The filing reports a grant or award acquisition of common stock to a director. It is coded as transaction type “A,” reflecting a grant, award, or other acquisition, and is linked to the Restricted Stock Plan for Outside Directors rather than an open-market trade.

Under which plan were the new RGC Resources shares issued to the director?

The new shares were issued under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. The Form 4 footnote states that the shares were issued to the reporting person pursuant to an election made under this plan, resulting in the stock grant.

Was the RGC Resources director’s transaction a market purchase or a stock award?

The transaction was a stock award, not a market purchase. It is coded as a grant or award acquisition and the footnote explains that shares were issued under the Restricted Stock Plan for Outside Directors, reflecting compensation in stock rather than an open-market buy.