RGC Resources (RGCO) Director Equity Grant Increases Holdings to 175,458.127

Rhea-AI Filing Summary

RGC Resources, Inc. (RGCO) director John B. Williamson III reported a non-derivative acquisition on 09/02/2025. He received 274.2 shares of common stock at a price of $22.125 per share pursuant to an election under the company’s Restricted Stock Plan for Outside Directors. After the transaction, his beneficial ownership is reported as 175,458.127 shares, held directly. The Form 4 was signed by Mr. Williamson via power of attorney and filed on 09/03/2025.

Insights

Financial Analyst

TL;DR: A routine restricted-stock issuance to a director increased direct ownership modestly; transaction aligns compensation with equity ownership.

The report documents a small non-derivative issuance of 274.2 common shares to a director under the outside directors' restricted stock plan at $22.125 per share. This is a compensation-related equity grant rather than an open-market purchase or sale. The resulting direct holding is 175,458.127 shares. For investors, this is a routine governance/compensation disclosure and does not, on its own, change the company’s financials or capital structure materially.

Corporate Governance Expert

TL;DR: Director equity grant reported correctly under Section 16; disclosure follows standard practice for restricted-stock elections.

The Form 4 indicates compliance with Section 16 reporting requirements for an equity award to an outside director via the company’s restricted stock plan. The filing shows direct beneficial ownership and includes an explanation that the shares were issued pursuant to an election under the plan. The use of a power of attorney for signature is noted. This filing appears routine and consistent with director compensation administration.

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
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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^*

WILLIAMSON JOHN B III

(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)
09/02/2025

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	09/02/2025		A(1)		274.2	A	$22.125	175,458.127	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/ John B. Williamson, III by Timothy J. Mulvaney, POA dated 02/05/2024	09/03/2025
	** 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 RGCO director John B. Williamson III report on Form 4?

He reported receiving 274.2 shares of RGC Resources common stock on 09/02/2025 at a price of $22.125 per share under the company’s Restricted Stock Plan for Outside Directors.

How many RGCO shares does John B. Williamson III beneficially own after the transaction?

175,458.127 shares are reported as beneficially owned following the transaction, held directly.

What was the reason for the share issuance to the director?

The shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors, as stated in the Form 4 explanation.

When was the transaction and when was the Form 4 filed for RGCO?

Transaction date: 09/02/2025. Form 4 filed/signed: 09/03/2025 (signed by POA).

Was the reported acquisition a market purchase or a compensation issuance?

It was a compensation issuance under the Restricted Stock Plan, not an open-market trade.