Form 4: RGC Resources Director Acquires Shares Through Restricted Stock Plan

Nancy H. Agee, a director at RGC Resources, acquired shares through the company's Restricted Stock Plan for Outside Directors.

Summary

• Nancy H. Agee, a director of RGC Resources Inc., acquired 311.667 shares of common stock on January 2, 2025, at a price of $20 per share.
• These shares were issued to her as part of the company's Restricted Stock Plan for Outside Directors.
• Following this transaction, Ms. Agee directly owns 56,906.185 shares, which includes 48,465.686 shares held in a revocable trust where she is the trustee.
• The trust also includes 8,440.499 shares previously owned by her spouse, which have been transferred to a revocable trust for which the spouse serves as trustee.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a Restricted Stock Plan aligns director interests with those of shareholders.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock plans as part of their compensation packages for directors.
• The number of shares acquired is relatively small compared to the total outstanding shares of the company, which is typical for director compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

RGC Resources, Director, Stock Acquisition, Restricted Stock Plan, Insider Trading, Beneficial Ownership