RGC Resources Insider Grant: Abney Boxley Receives 305.085 Shares

Rhea-AI Filing Summary

RGC Resources, Inc. (RGCO) director Abney S. Boxley III was issued 305.085 shares of common stock on 09/02/2025 under the company's Restricted Stock Plan for Outside Directors at an effective price of $22.125 per share. After the issuance, the reporting person beneficially owned 65,462.79 shares, comprised of 65,087.79 held directly and 375.00 held indirectly through a UTMA account for the reporting person’s child. The Form 4 was signed by Mr. Boxley via power of attorney on 09/03/2025. The filing reports a routine equity grant to a director and provides no additional financial or operational details.

Positive

• 305.085 shares issued to the reporting person under the Restricted Stock Plan for Outside Directors on 09/02/2025
• Clear post-transaction beneficial ownership disclosed: 65,462.79 shares total (65,087.79 direct; 375.00 indirect via UTMA)
• Transaction fully disclosed on Form 4 and signed via power of attorney, satisfying Section 16 reporting

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity award aligns executive incentives; disclosure is standard and non-material to operations.

The Form 4 documents a director's receipt of 305.085 restricted shares under the outside directors' plan, priced at $22.125 per share. This is a typical compensation mechanism to align board members with shareholder interests. Beneficial ownership post-transaction is 65,462.79 shares, including 375 shares held in a UTMA. The filing is procedural, signed by POA, and contains no indications of unusual timing, related-party transfers, or material corporate events.

Securities Analyst

TL;DR: Insider received a small equity grant; transaction is disclosed as required and is unlikely to materially affect valuation.

The report shows a non-derivative issuance of 305.085 common shares to a director under the restricted stock plan. The reported price per share is $22.125. Post-transaction beneficial ownership is explicitly stated. There are no derivative transactions, no sales, and no changes to option holdings reported. From a reporting and compliance standpoint, the Form 4 meets Section 16 disclosure requirements for insider changes in ownership.

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^*

BOXLEY ABNEY S 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)		305.085	A	$22.125	65,462.79(2)	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.

2. Includes 65,087.790 shares owned directly by reporting person and includes 375.000 shares owned indirectly through UTMA for the reporting person's child.

	/s/ Abney S. Boxley, 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 transaction did Abney S. Boxley III report on Form 4 for RGCO?

The Form 4 reports issuance of 305.085 common shares to Abney S. Boxley III under the Restricted Stock Plan for Outside Directors on 09/02/2025.

At what price were the shares issued to the director in the RGCO Form 4?

The reported price associated with the transaction is $22.125 per share.

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

After the transaction, the reporting person beneficially owned 65,462.79 shares, including 65,087.79 directly and 375.00 indirectly via a UTMA for the reporting person's child.

When was the Form 4 for this insider transaction signed?

The Form 4 was signed by Abney S. Boxley III via power of attorney on 09/03/2025.

Was this Form 4 related to a derivative transaction or option exercise?

No. The filing reports a non-derivative issuance of common stock; Table II for derivatives shows no entries.