Form 4: RGC Resources Director Thomas J. Crawford Acquires Shares Under Restricted Stock Plan
SEC Form 4
Director Thomas J. Crawford acquired shares of RGC Resources Inc. common stock on April 1, 2024, through the company's Restricted Stock Plan for Outside Directors.
Summary
- On April 1, 2024, Thomas J. Crawford, a director of RGC Resources Inc., acquired 95.145 shares of common stock.
- The acquisition was made under the company's Restricted Stock Plan for Outside Directors.
- The price per share was $20.32.
- Following the transaction, Crawford beneficially owns 11,092.18 shares of RGC Resources Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. Insider buying is generally viewed positively, but this is part of a pre-existing plan.
Positives
- The acquisition of shares by a director signals confidence in the company.
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.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of Power of Attorney (POA) for Lawrence T. Oliver. |
| 04/01/2024 | Date of the transaction where Thomas J. Crawford acquired shares. |
| 04/03/2024 | Date of signature for the SEC 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.