Form 4: RGC Resources Director Abney S. Boxley III Acquires Shares Under Restricted Stock Plan

Director Abney S. Boxley III reports acquisition of RGC Resources shares through the company's Restricted Stock Plan for Outside Directors.

Summary

• On October 1, 2024, Abney S. Boxley III, a director of RGC Resources Inc. (RGCO), acquired 273.994 shares of common stock at a price of $21.29 per share.
• The acquisition was made through an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
• Following the transaction, Boxley's total beneficial ownership of RGC Resources common stock is 60,093.134 shares, including 59,718.134 shares owned directly and 375 shares owned indirectly through UTMA for the reporting person's child.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares suggests confidence, but it's part of a pre-existing plan.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in the company.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates