RGC Resources (RGCO) CFO granted 5,606 restricted shares under stock plan
Rhea-AI Filing Summary
RGC Resources VP, Treasurer and CFO Timothy J. Mulvaney reported receiving 5,606 shares of common stock on 01/02/2026 as an award under the company’s Restricted Stock Plan at a reported price of $21.40 per share. The award is scheduled to vest over three years, with 1,868.667 shares vesting on 01/02/2026, 1,868.667 shares vesting on 01/04/2027, and 1,868.666 shares vesting on 01/03/2028.
After this transaction, Mulvaney beneficially owns 13,242.707 shares, which include 7,153.333 unvested restricted shares from current and prior grants, plus small amounts acquired through dividend reinvestment in the company’s Dividend Reinvestment Stock Purchase Plan and Restricted Stock Plan. The filing lists his ownership as direct.
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FAQ
What insider transaction did RGC Resources (RGCO) report for Timothy J. Mulvaney?
RGC Resources reported that Timothy J. Mulvaney, its VP, Treasurer and CFO, received an award of 5,606 shares of common stock on 01/02/2026 under the company’s Restricted Stock Plan.
How many RGC Resources shares does Timothy J. Mulvaney own after this Form 4 filing?
Following the reported award, Timothy J. Mulvaney beneficially owns 13,242.707 shares of RGC Resources common stock, held in direct ownership.
What is the vesting schedule for the 5,606 restricted RGC Resources shares granted to the CFO?
The 5,606 restricted shares vest over three years: 1,868.667 shares on 01/02/2026, 1,868.667 shares on 01/04/2027, and 1,868.666 shares on 01/03/2028.
What portion of Timothy J. Mulvaney’s RGC Resources holdings are unvested restricted stock?
The total of 13,242.707 shares reported includes 7,153.333 shares of unvested restricted stock from current and prior grants under the company’s restricted stock programs.
Did dividend reinvestment contribute to Timothy J. Mulvaney’s RGC Resources share balance?
Yes. His total includes 6.166 shares purchased on 11/03/2025 through the Dividend Reinvestment Stock Purchase Plan and 68.908 restricted shares purchased the same day through the Restricted Stock Plan via dividend reinvestment.
What transaction code was used for Timothy J. Mulvaney’s RGC Resources stock award?
The transaction was reported with code A, indicating an acquisition of 5,606 shares of common stock, and was classified as a non-derivative equity award.