RGC Resources (RGCO) director granted 96.69 shares under restricted stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McClanahan Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
RGC Resources Inc director Elizabeth A. McClanahan received 96.69 shares of Common Stock as a grant under the company’s Restricted Stock Plan for Outside Directors. The award was valued at $21.65 per share and increased her direct holdings to 4,760.516 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McClanahan Elizabeth A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 96.69 | $21.65 | $2K |
Holdings After Transaction:
Common Stock — 4,760.516 shares (Direct)
Footnotes (1)
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Key Figures
Director stock grant: 96.69 shares
Grant value per share: $21.65 per share
Holdings after grant: 4,760.516 shares
3 metrics
Director stock grant
96.69 shares
Common Stock award reported on Form 4
Grant value per share
$21.65 per share
Reported value for the stock grant
Holdings after grant
4,760.516 shares
Total direct RGCO common shares after transaction
Key Terms
Restricted Stock Plan, Outside Directors, Form 4
3 terms
Restricted Stock Plan financial
"Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors"
Outside Directors financial
"Restricted Stock Plan for Outside Directors of RGC Resources, Inc."
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did RGCO director Elizabeth McClanahan report?
Director Elizabeth A. McClanahan reported receiving 96.69 RGCO common shares as a stock grant. The shares were issued under the Restricted Stock Plan for Outside Directors and are recorded on a Form 4 insider ownership report.
Was the RGCO transaction a market purchase or a compensation grant?
The RGCO transaction was a compensation grant, not a market purchase. The Form 4 uses code “A” and notes that shares were issued under the Restricted Stock Plan for Outside Directors as a grant or award acquisition.
What does transaction code "A" mean in the RGCO Form 4 filing?
Transaction code “A” in the RGCO Form 4 indicates a grant, award, or other acquisition of shares. For Elizabeth McClanahan, it reflects restricted stock issued as director compensation rather than an open-market buy or sell transaction.