Director in RGC Resources (RGCO) receives 295-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOXLEY ABNEY S III reported acquisition or exercise transactions in this Form 4 filing.
RGC Resources director Abney S. Boxley III received a grant of 294.76 shares of common stock at $22.90 per share as a compensation award. The shares were issued under the Restricted Stock Plan for Outside Directors. Following this grant, he holds a total of 69,677.468 shares, including 69,302.468 shares owned directly and 375 shares held indirectly through a UTMA account for his child.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOXLEY ABNEY S III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 294.76 | $22.90 | $7K |
Holdings After Transaction:
Common Stock — 69,677.468 shares (Direct, null)
Footnotes (1)
- Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Includes 69,302.468 shares owned directly by reporting person and includes 375.000 shares owned indirectly through UTMA for the reporting person's child.
Key Figures
Shares granted: 294.76 shares
Grant price: $22.90 per share
Total shares after transaction: 69,677.468 shares
+2 more
5 metrics
Shares granted
294.76 shares
Restricted Stock Plan award to outside director
Grant price
$22.90 per share
Valuation of director equity award
Total shares after transaction
69,677.468 shares
Beneficial ownership following grant
Directly owned shares
69,302.468 shares
Direct holdings after award
Indirect UTMA shares
375 shares
Held through UTMA for reporting person’s child
Key Terms
Restricted Stock Plan for Outside Directors, UTMA, Common Stock, Grant, award, or other acquisition
4 terms
Restricted Stock Plan for Outside Directors financial
"Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc."
UTMA financial
"includes 375.000 shares owned indirectly through UTMA for the reporting person's child."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did RGC Resources (RGCO) report for Abney S. Boxley III?
RGC Resources reported that director Abney S. Boxley III received a grant of 294.76 shares of common stock. The award was issued under the company’s Restricted Stock Plan for Outside Directors and represents routine, compensation-related share issuance rather than an open-market purchase or sale.
Is the RGC Resources (RGCO) director’s stock grant an open-market purchase?
No, the 294.76 shares were issued as a grant under the Restricted Stock Plan for Outside Directors. The filing describes the transaction as a grant, award, or other acquisition, indicating compensation rather than an open-market buy by the director.