Form 4: RGC Resources Director Acquires Additional Shares Under Restricted Stock Plan
SEC Form 4 Filing
Thomas J. Crawford, a director of RGC Resources Inc., acquired 93.76 shares of common stock at $20.62 per share on June 3, 2024, under the company's Restricted Stock Plan for Outside Directors.
Summary
- On June 3, 2024, Thomas J. Crawford, a director of RGC Resources Inc., acquired 93.76 shares of common stock.
- The acquisition was made under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
- The price per share was $20.62.
- Following the transaction, Crawford directly owns 11,341.231 shares of RGC Resources Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence in the company, but it's a routine transaction under a pre-existing plan.
Positives
- The director's participation in the Restricted Stock Plan demonstrates alignment with shareholder interests.
Industry Context
Insider transactions are routinely monitored to gauge executive confidence and potential future performance of the company. Acquisitions can be seen as a positive sign.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of Power of Attorney (POA) for Timothy J. Mulvaney. |
| 06/03/2024 | Date of the transaction where Thomas J. Crawford acquired shares. |
| 06/05/2024 | Date of signature for the SEC filing. |
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