RGC Resources (RGCO) director adds 471 shares via restricted stock and DRIP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RGC Resources director Frank Russell Ellett reported acquiring additional common stock in the company. On February 2, 2026, he received 471.047 shares of RGC Resources common stock at $22.22 per share, increasing his direct holdings to 13,561.305 shares.
The filing explains that these shares were issued under the Restricted Stock Plan for Outside Directors, reflecting stock-based compensation, and that his total also includes 71.667 shares purchased the same day through dividends reinvested in the company’s Dividend Reinvestment and Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ellett Frank Russell
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 471.047 | $22.22 | $10K |
Holdings After Transaction:
Common Stock — 13,561.305 shares (Direct)
Footnotes (1)
- Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. Includes 71.667 shares purchased 02/02/2026 through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
FAQ
What did RGC Resources (RGCO) director Frank Russell Ellett report in this Form 4?
He reported acquiring 471.047 shares of RGC Resources common stock. The shares were received as part of director compensation and dividend reinvestment, raising his direct holdings to 13,561.305 shares as of February 2, 2026.
Was this RGC Resources (RGCO) insider transaction a purchase on the open market?
No, the Form 4 indicates the shares were issued under a Restricted Stock Plan for Outside Directors. The filing also notes additional shares came from dividends reinvested through the company’s Dividend Reinvestment and Stock Purchase Plan, not from open-market buying.
What role does Frank Russell Ellett hold at RGC Resources (RGCO)?
He is identified as a director of RGC Resources. The reported stock issuance occurred under the Restricted Stock Plan for Outside Directors, which compensates board members with company shares instead of, or in addition to, cash fees.
How were dividends used in this RGC Resources (RGCO) insider filing?
The filing states that 71.667 of the reported shares were purchased through dividends reinvested on February 2, 2026. These dividends were automatically used to buy additional RGC Resources shares via the company’s Dividend Reinvestment and Stock Purchase Plan.