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

Sentiment:

Insider Transaction Report 3 July 2025 9:21 AM

RGC Resources Inc. Director Abney S. Boxley III acquired 295.534 shares of common stock at $22.84 per share through a restricted stock plan, increasing his total beneficial ownership to 64,299.379 shares.

Summary

Reporting Person: Abney S. Boxley III, a Director of RGC Resources Inc.
Transaction Date: July 1, 2025.
Transaction Type: Acquisition of common stock.
Shares Acquired: 295.534 shares.
Price Per Share: $22.84.
Total Beneficial Ownership After Transaction: 64,299.379 shares.
Ownership Breakdown: 63,924.379 shares are directly owned, and 375.000 shares are indirectly owned through a Uniform Transfers to Minors Act (UTMA) account for the reporting person's child.
Acquisition Reason: Shares were issued to the reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if part of a compensation plan, generally indicates confidence in the company's prospects. This is a routine insider transaction.

Positives

Director Abney S. Boxley III increased his beneficial ownership in RGC Resources Inc. by acquiring 295.534 shares, which can signal confidence in the company's future prospects.
The acquisition was part of a Restricted Stock Plan for Outside Directors, indicating a structured compensation or incentive program that aligns director interests with shareholder interests.

Future Outlook

Management Comments

Shares were issued to the reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Compensation Plan Utilization	Shares were issued to the reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.	07/01/2025	Reinforces alignment of director interests with shareholder interests through equity compensation.

Related Party Transactions

Acquisition of 295.534 shares of common stock by Director Abney S. Boxley III from RGC Resources Inc. under the Restricted Stock Plan for Outside Directors.

Stakeholder Impact

Shareholders: The transaction increases the alignment of the director's financial interests with those of the shareholders due to increased equity ownership.

Key Dates

Date	Description
02/05/2024	Date of Power of Attorney granted to Timothy J. Mulvaney by Abney S. Boxley, III.
07/01/2025	Date of the common stock acquisition transaction.
07/03/2025	Date the Form 4 was signed and filed.

Recommendation

hold

Keywords

RGC Resources, RGCO, Form 4, insider transaction, stock acquisition, director, restricted stock plan, beneficial ownership, equity compensation

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