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

Corporate Governance Analyst

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.

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).

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)
10/01/2025

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	10/01/2025		A(1)		300	A	$22.5	65,762.79(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 65,387.790 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	10/03/2025
	** 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 RGCO director Abney S. Boxley III report on Form 4?

The director reported acquisition of 300 shares of RGCO on 10/01/2025 at a price of $22.5 per share.

Were the 300 RGCO shares purchased on the open market or issued under a plan?

The 300 shares were issued under the company's Restricted Stock Plan for Outside Directors.

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

After the issuance the reporting person beneficially owned 65,762.79 shares in total (65,387.79 direct, 375.00 indirect via UTMA).

When was the Form 4 filed and who signed it?

The Form 4 was signed by Abney S. Boxley III via power of attorney (Timothy J. Mulvaney) on 10/03/2025.

What is the transaction price reported for the issued RGCO shares?

The reported price for the issued shares is $22.5 per share.