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 299.665 shares of RGC Resources Inc. common stock at $18.91 per share under the company's Restricted Stock Plan for Outside Directors.
Summary
- On March 1, 2024, John B. Williamson III, a director of RGC Resources Inc., acquired 299.665 shares of common stock.
- The shares were acquired under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
- The price per share was $18.91.
- Following the transaction, Williamson directly owns 169,104.754 shares of RGC Resources Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction under a pre-existing stock plan. It doesn't indicate any significant positive or negative outlook.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Power of Attorney granted to Timothy J. Mulvaney, Lawrence T. Oliver, Paul W. Nester, and C. Brooke Miles to file Section 16 forms on behalf of John B. Williamson III. |
| 03/01/2024 | Date of transaction: John B. Williamson III acquired shares of RGC Resources Inc. common stock. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.