RGCO Form 4: Director's 300-Share Restricted Grant Boosts Stake to 65,763
Rhea-AI Filing Summary
Director Abney S. Boxley III acquired 300 shares of RGC Resources, Inc. (RGCO) on 10/01/2025 at a reported price of $22.5 per share. The shares were issued under the company’s Restricted Stock Plan for Outside Directors. After the issuance, the reporting person beneficially owned 65,762.79 shares in total, consisting of 65,387.79 shares owned directly and 375.00 shares held indirectly through a UTMA account for the reporting person’s child. The Form 4 was signed by power of attorney on 10/03/2025.
Positive
- 300 shares issued to a director under the Restricted Stock Plan on 10/01/2025
- Reporting person now beneficially owns 65,762.79 shares, including 65,387.79 directly
Negative
- None.
Insights
Director received restricted shares, modestly increasing insider stake.
The issuance of 300 shares to an outside director under the Restricted Stock Plan is a standard compensation action and reflects non-cash director remuneration rather than open-market purchasing.
Post-transaction beneficial ownership of 65,762.79 shares provides a snapshot of the director’s economic stake in RGCO as of the filing; the transaction size is small relative to typical company-wide equity but is material to disclosure requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 300 | $22.50 | $7K |
Footnotes (1)
- Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Includes 65,387.790 shares owned directly by reporting person and includes 375.000 shares owned indirectly through UTMA for the reporting person's child.