Form 4: RGC Resources Director Thomas J. Crawford Acquires Shares Under Restricted Stock Plan
SEC Form 4
Director Thomas J. Crawford of RGC Resources Inc. acquired shares of common stock through the company's Restricted Stock Plan for Outside Directors.
Summary
- On September 3, 2024, Thomas J. Crawford, a director of RGC Resources Inc., acquired 96.234 shares of common stock.
- The acquisition was made under the company's Restricted Stock Plan for Outside Directors.
- The price per share was $20.09.
- Following the transaction, Crawford beneficially owns 11,688.945 shares of RGC Resources Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
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. These transactions are regulated to prevent insider trading and ensure transparency.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, primarily providing transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of Power of Attorney (POA) for Timothy J. Mulvaney. |
| 09/03/2024 | Date of transaction: Thomas J. Crawford acquired shares of common stock. |
| 09/05/2024 | Date of signature for the report. |
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