Form 4: RGC Resources Director John B. Williamson III Acquires Shares Under Restricted Stock Plan
SEC Form 4 Filing
Director John B. Williamson III acquired shares of RGC Resources Inc. through the company's Restricted Stock Plan for Outside Directors.
Summary
- On January 2, 2025, John B. Williamson III, a director of RGC Resources Inc., acquired 303.334 shares of common stock at a price of $20 per share.
- The acquisition was made under the company's Restricted Stock Plan for Outside Directors.
- Following the transaction, Williamson directly owns 172,437.028 shares of RGC Resources Inc.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing a director's stock acquisition, which is neutral in sentiment. It reflects routine corporate governance.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder confidence due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Power of Attorney (POA) date for Lawrence T. Oliver. |
| 01/02/2025 | Date of transaction: John B. Williamson III acquired shares of RGC Resources Inc. |
| 01/06/2025 | Signature date of the report. |
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