Form 4: RGC Resources Director McClanahan Acquires Shares Under Restricted Stock Plan
SEC Form 4 Filing
Director Elizabeth A. McClanahan acquired 80.828 shares of RGC Resources Inc. common stock at $20.62 per share on June 3, 2024, under the company's Restricted Stock Plan for Outside Directors.
Summary
- On June 3, 2024, Elizabeth A. McClanahan, a director of RGC Resources Inc., acquired 80.828 shares of common stock.
- The shares were acquired at a price of $20.62 per share.
- The acquisition was made under the RGC Resources, Inc. Restricted Stock Plan for Outside Directors.
- Following the transaction, McClanahan directly owns 2,559.184 shares of RGC Resources Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction related to a stock plan.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of Power of Attorney given to Timothy J. Mulvaney. |
| 06/03/2024 | Date of transaction: Elizabeth A. McClanahan acquired shares of RGC Resources Inc. |
| 06/05/2024 | Date of signature for the Form 4 filing. |
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