RGC Resources director receives stock grant
RGC Resources director Elizabeth A. McClanahan received a stock grant of 91.412 shares of Common Stock, valued at $22.90 per share.
Rhea-AI Filing Summary
RGC Resources director Elizabeth A. McClanahan received a stock grant of 91.412 shares of Common Stock, valued at $22.90 per share. The shares were issued under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc., so this is compensation rather than an open-market purchase.
Following this grant, McClanahan directly holds a total of 4,980.156 shares of RGC Resources Common Stock. The filing shows no option exercises, sales, or derivative positions, indicating a routine equity-based compensation award for board service.
Positive
- None.
Negative
- None.
Insights
Routine director stock grant increases equity stake modestly.
Director Elizabeth A. McClanahan received 91.412 shares of RGC Resources Common Stock at $22.90 per share. The footnote explains these shares were issued under the Restricted Stock Plan for Outside Directors, a typical equity compensation arrangement.
The transaction is coded as a grant/award acquisition rather than an open-market buy, so it mainly reflects standard board compensation policy. After the grant, McClanahan directly owns 4,980.156 shares, with no derivative positions disclosed, suggesting a straightforward, ongoing alignment of director incentives with shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 91.412 | $22.90 | $2K |
Footnotes (1)
- F1. Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
Key Figures
Key Terms
Restricted Stock Plan for Outside Directors financial
grant/award acquisition financial
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did RGC Resources (RGCO) director Elizabeth McClanahan report in this Form 4?
Was the RGC Resources (RGCO) Form 4 transaction a market purchase or a stock grant?
At what price was the RGC Resources (RGCO) director stock grant valued in the Form 4?
What plan was used for the RGC Resources (RGCO) director’s stock award?
Does the RGC Resources (RGCO) Form 4 show any stock sales or option exercises?
AI-generated analysis. How Rhea-AI works. Not financial advice.