RGC Resources Insider Grant: Director Receives 84 Share Stock Award

Rhea-AI Filing Summary

RGC Resources Inc. (RGCO) – Form 4 Insider Transaction Filing

Director Elizabeth A. McClanahan reported one transaction dated July 1, 2025 under the company’s Restricted Stock Plan for Outside Directors:

• Security: Common stock
• Type: Acquisition (code “A”)
• Shares acquired: 84.355
• Price: $22.84 per share (fair-value issuance, not open-market purchase)
• Total direct holdings after transaction: 3,811.115 shares

No derivative securities were involved and there were no dispositions. The filing indicates the shares were issued as part of regular director compensation rather than a discretionary purchase. The small share count (<1% of outstanding) and routine nature suggest minimal near-term impact on the company’s capital structure or insider-sentiment signals.

Positive

• Director increased direct share ownership, modestly aligning incentives with common shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR Small, routine director stock grant; negligible valuation impact; neutral signal.

The 84-share grant under the Restricted Stock Plan represents less than 0.003% of RGCO’s ~32 million outstanding shares. Because the shares were issued in lieu of cash compensation, the transaction neither reflects open-market confidence nor changes the public float materially. Insider ownership rises marginally to ~3,811 shares for this director, maintaining alignment with shareholders but lacking size to influence governance incentives materially. No option exercises, dispositions, or Rule 10b5-1 plans are disclosed. Overall, the event is routine and should be considered non-impactful for valuation or sentiment analysis.

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^*

McClanahan Elizabeth A

(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)
07/01/2025

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	07/01/2025		A(1)		84.355	A	$22.84	3,811.115	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/ Elizabeth A. McClanahan by Timothy J. Mulvaney, POA dated 02/05/2024	07/03/2025
	** 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

How many RGCO shares did Director Elizabeth A. McClanahan acquire?

84.355 common shares were issued to the director.

What was the transaction price reported in the Form 4 for RGCO?

The shares were valued at $22.84 per share under the Restricted Stock Plan.

Is this RGCO insider transaction an open-market purchase?

No. The shares were granted under the company’s Restricted Stock Plan, not bought on the open market.

What is the director’s total RGCO shareholding after the transaction?

Director McClanahan now directly owns 3,811.115 shares of RGCO common stock.

Does this Form 4 include any derivative securities activity?

No derivative securities were acquired or disposed of in this filing.