RGC Resources director awarded common shares

RGC Resources director Frank Russell Ellett acquired additional company shares through compensation and dividend reinvestment, not an open-market purchase.

Rhea-AI Filing Summary

RGC Resources director Frank Russell Ellett acquired additional company shares through compensation and dividend reinvestment, not an open-market purchase. He received 214.481 shares of common stock on an award coded as a grant at a reference price of $24.40 per share.

According to the footnotes, the shares were issued under the Restricted Stock Plan for Outside Directors, and his total now includes 8.464 restricted shares and 65.903 shares from dividend reinvestment plans. After these transactions, he directly holds 14,328.572 common shares.

Insider Trade Summary

Grant/Award: 214.481 shares

Grant/Award 1 txn

Insider Ellett Frank Russell

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	214.481	$24.40	$5K

Holdings After Transaction: Common Stock — 14,328.572 shares (Direct)

Footnotes (2)

1. F1. Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
2. F2. Includes 8.464 restricted stock shares purchased 05/01/2026 through dividends reinvested in the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. and 65.903 shares purchased 05/01/2026 through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.

Key Figures

Shares granted: 214.481 shares Reference price per share: $24.40 per share Shares held after transaction: 14,328.572 shares +2 more

5 metrics

Shares granted 214.481 shares Common Stock grant on May 1, 2026

Reference price per share $24.40 per share Reported for the stock award

Shares held after transaction 14,328.572 shares Direct common stock ownership after award

Restricted shares from dividend reinvestment 8.464 shares Purchased May 1, 2026 via Restricted Stock Plan

Dividend reinvestment plan shares 65.903 shares Purchased May 1, 2026 via Dividend Reinvestment and Stock Purchase Plan

Key Terms

Restricted Stock Plan for Outside Directors, Dividend Reinvestment and Stock Purchase Plan, Grant, award, or other acquisition, Common Stock

4 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."

Dividend Reinvestment and Stock Purchase Plan financial

"65.903 shares purchased 05/01/2026 through dividends reinvested in 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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RGCO director Frank Russell Ellett report?

Director Frank Russell Ellett reported acquiring 214.481 shares of RGC Resources common stock. The shares were granted as a stock award under the company’s Restricted Stock Plan for Outside Directors, rather than bought in the open market, and increase his direct equity stake.

Was the RGCO insider transaction an open-market stock purchase?

No, the RGCO transaction was classified as a grant or award acquisition, not an open‑market buy. The Form 4 uses transaction code “A,” and footnotes state the shares were issued under the Restricted Stock Plan for Outside Directors and dividend reinvestment programs.

How many RGC Resources shares does Frank Russell Ellett hold after this filing?

Following the reported transactions, Frank Russell Ellett directly holds 14,328.572 shares of RGC Resources common stock. This total includes restricted shares and additional shares accumulated through dividend reinvestment plans as described in the Form 4 footnotes.

What price per share is associated with the RGCO stock award on the Form 4?

The Form 4 lists a reference price of $24.40 per share for the 214.481 RGC Resources common shares granted. This price is used for reporting purposes in the award transaction and does not indicate an open‑market purchase by the director.

How were dividends used in Frank Russell Ellett’s RGCO holdings?

Dividends were reinvested to purchase additional RGCO shares. The footnotes state 8.464 restricted shares and 65.903 other shares were bought on May 1, 2026 through the company’s Restricted Stock Plan for Outside Directors and its Dividend Reinvestment and Stock Purchase Plan.

What plans are referenced in the RGCO director’s Form 4 filing?

The filing references the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. and the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. Together, these plans provided the granted shares and additional dividend‑reinvested shares reported in the director’s holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 03:01 PM Learn about SEC filing dates

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)
05/01/2026

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	05/01/2026		A(1)		214.481	A	$24.4	14,328.572(2)	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.

2. Includes 8.464 restricted stock shares purchased 05/01/2026 through dividends reinvested in the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. and 65.903 shares purchased 05/01/2026 through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.

	/s/ Frank Russell Ellett by Lawrence T. Oliver, POA dated 03/04/2026	05/05/2026
	** 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)