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

John B. Williamson III, a director of RGC Resources Inc., acquired 309.051 shares of common stock at $19.63 per share under the company's Restricted Stock Plan for Outside Directors.

Summary

• On March 3, 2025, John B. Williamson III, a director of RGC Resources Inc., acquired 309.051 shares of common stock.
• The shares were acquired at a price of $19.63 per share.
• The acquisition was made pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
• Following the transaction, Williamson directly owns 173,260.458 shares of RGC Resources Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.

Positives

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

Industry Context

This type of transaction is common for directors receiving stock as part of their compensation package. It reflects alignment of interests between management and shareholders.

Comparison to Industry Standards

• Director share acquisitions are a common practice across publicly traded companies as part of compensation packages.
• Comparing Williamson's holdings to those of directors at similar-sized utility companies would provide a benchmark for assessing the significance of his ownership.

Stakeholder Impact

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

Key Dates