[Form 4] RGC Resources Inc Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing – RGC Resources Inc. (RGCO)

Director Abney S. Boxley III reported an open-market acquisition of 342.988 common shares on 08/01/2025 at an average cost of $19.68 per share. The shares were issued under the company’s Restricted Stock Plan for Outside Directors, indicating the transaction was part of annual director compensation rather than discretionary buying. Following the purchase, Boxley’s aggregate beneficial ownership rose to 65,157.705 shares, comprising 64,782.705 directly held shares, 515.338 restricted shares obtained via dividend reinvestment, and 375 shares held indirectly under a UTMA account for his child.

No derivative transactions were reported. Because the purchase size is modest (<1% of average daily volume) and compensation-related, the filing is unlikely to be materially market-moving, yet it offers a mild positive signal of sustained insider alignment.

Positive

• Director acquired 342.988 shares at $19.68, reinforcing insider alignment with shareholders.
• Transaction executed under a disclosed Restricted Stock Plan, reflecting transparent governance practices.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director stock grant; small size, limited market impact.

The 343-share acquisition at $19.68 appears to be part of RGCO’s annual restricted stock grant to outside directors. While any insider purchase can be viewed positively, the dollar value (≈$6.7k) is immaterial relative to RGCO’s market cap and trading liquidity. The transaction neither alters ownership concentration nor signals an opportunistic buy. I classify the filing as neutral for valuation or near-term price direction.

Corporate Governance Expert

TL;DR: Confirms plan-based equity compensation; supports board-shareholder alignment.

The disclosure demonstrates RGCO’s practice of compensating outside directors with restricted equity, which aligns governance best practices by tying board remuneration to long-term performance. Absence of derivative positions and the transparent plan administration reduce potential agency concerns. Impact on governance perception is slightly positive but not transformational.

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^*

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)
08/01/2025

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	08/01/2025		A(1)		342.988	A	$19.68	65,157.705(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 64,782.705 shares owned directly by reporting person and includes 515.338 restricted shares purchased 08/01/2025 through dividends reinvested in the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Also includes 375.000 shares owned indirectly through UTMA for the reporting person's child.

	/s/ Abney S. Boxley, III by Lawrence T. Oliver, POA dated 02/05/2024	08/05/2025
	** 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 Abney S. Boxley III buy?

He acquired 342.988 common shares.

What was the purchase price reported in the Form 4?

The average price was $19.68 per share.

What is the director's total ownership after the transaction?

Boxley now beneficially owns 65,157.705 RGCO shares.

Was the transaction discretionary or plan-based?

It was a plan-based acquisition under the Restricted Stock Plan for Outside Directors.

Did the Form 4 report any derivative securities?

No, there were no derivative transactions disclosed.