SVP at RGC Resources (RGCO) reports stock purchase and award grants
Rhea-AI Filing Summary
RGC Resources executive Lawrence T. Oliver, Senior VP and Secretary, reported additional ownership of company stock. On 01/02/2026, he purchased 9.346 shares of common stock at $21.40 per share through an optional cash contribution under the company’s Dividend Reinvestment and Stock Purchase Plan. On the same date, he was granted 5,482 shares of restricted stock at a reference price of $21.40 per share under the Restricted Stock Plan.
The restricted award is scheduled to vest over three years, with 1,827.333 shares vesting on 01/02/2026, 1,827.333 shares on 01/04/2027, and 1,827.334 shares on 01/03/2028. Following these transactions, he directly owned 29,499.795 shares of common stock, which includes 5,353.667 unvested restricted shares from current and prior grants. The filing also lists previously granted employee stock options covering 5,000, 3,000, 1,000, and 5,000 shares at exercise prices of $27.87, $22.93, $19.90, and $16.62, with expirations between 2030 and 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 9.346 | $21.40 | $200.00 |
| Grant/Award | Common Stock | 5,482 | $21.40 | $117K |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
Footnotes (1)
- Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. Shares issued on 01/02/2026 to reporting person pursuant to an award under the Restricted Stock Plan to be vested over a three-year period with 1,827.333 shares vesting on 01/02/2026, 1,827.333 shares vesting on 01/04/2027, and 1,827.334 shares vesting on 01/03/2028. Total includes 5,353.667 shares of unvested restricted stock from current and prior grants.