RGC Resources Insider Filing: Director Grants Add 102.147 Shares

Rhea-AI Filing Summary

RGC Resources, Inc. (RGCO) director Thomas J. Crawford acquired 102.147 shares of the issuer's common stock on 09/02/2025 at a reported price of $22.125 per share. Following this issuance, the reporting person beneficially owns 13,261.547 shares. The Form 4 identifies Mr. Crawford as a director and states the shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors. The filing was signed by Thomas J. Crawford by power of attorney Timothy J. Mulvaney on 09/03/2025.

Positive

• Director equity alignment: 102.147 shares were issued under the Restricted Stock Plan for Outside Directors, aligning the directors interests with shareholders.
• Clear disclosure: Transaction date (09/02/2025), price ($22.125), and resulting beneficial ownership (13,261.547 shares) are explicitly reported.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity issuance under the outside directors' restricted stock plan, increasing insider ownership modestly.

The Form 4 documents a non-derivative award of 102.147 shares to a director via the companys Restricted Stock Plan for Outside Directors. Such grants are standard compensation mechanisms to align director and shareholder interests. The filing clearly states the transaction date, grant price per share ($22.125), and the resulting beneficial ownership (13,261.547 shares). No departures from usual disclosure format are evident and the transaction was executed by power of attorney, which is disclosed on the form.

Securities Analyst

TL;DR: Insider received a small issuance of common stock; disclosure is complete and routine per Section 16 reporting.

The report shows a Section 16 acquisition of 102.147 common shares on 09/02/2025 at $22.125, with post-transaction beneficial ownership of 13,261.547 shares. The explanation field specifies the issuance arose from an election under the companys restricted stock plan for outside directors. The form is signed via POA dated 02/05/2024 and filed 09/03/2025. This is a standard disclosure of director compensation-related equity grants and contains the required transaction specifics.

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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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^*

CRAWFORD THOMAS J

(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)		102.147	A	$22.125	13,261.547	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/ Thomas J. Crawford 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 transaction did Thomas J. Crawford report on Form 4 for RGCO?

The Form 4 reports an acquisition of 102.147 common shares on 09/02/2025 at a reported price of $22.125 per share.

How many RGCO shares does the reporting person beneficially own after the transaction?

The reporting person beneficially owns 13,261.547 shares following the reported transaction.

Why were the shares issued to the reporting person?

The filing states the shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors.

When was the Form 4 signed and by whom?

The Form 4 was signed by Thomas J. Crawford by Timothy J. Mulvaney, POA dated 02/05/2024 on 09/03/2025.

What is the reporting person's relationship to RGCO?

The reporting person, Thomas J. Crawford, is listed as a Director of RGC Resources, Inc.