Form 4: RGC Resources Director Thomas J. Crawford Boosts Stake Through Restricted Stock Plan

RGC Resources Inc. Director Thomas J. Crawford acquired 110.459 shares of common stock on June 2, 2025, through the company's Restricted Stock Plan for Outside Directors, increasing his total beneficial ownership to 12,856.463 shares.

Summary

• Reporting Person: Thomas J. Crawford, a Director of RGC Resources Inc. (RGCO).
• Transaction Date: June 2, 2025.
• Security Acquired: 110.459 shares of Common Stock.
• Acquisition Price: $20.46 per share.
• Nature of Acquisition: Shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
• Total Beneficial Ownership: Following this transaction, Mr. Crawford beneficially owns 12,856.463 shares of RGC Resources Inc. Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even if part of a compensation plan, generally indicates confidence in the company's future prospects and aligns management interests with shareholders. The amount is relatively small, so the impact on overall sentiment is moderate.

Positives

• Director Thomas J. Crawford increased his beneficial ownership in RGC Resources Inc. by acquiring 110.459 shares of common stock.
• The acquisition was made through the company's Restricted Stock Plan for Outside Directors, indicating a structured compensation or incentive mechanism.
• The transaction increases the director's alignment with shareholder interests, as his personal stake in the company's performance grows.

Future Outlook

NA

Management Comments

• Shares were issued to the reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

Industry Context

NA

Related Party Transactions

• Thomas J. Crawford, a Director of RGC Resources Inc., acquired 110.459 shares of common stock from the company under its Restricted Stock Plan for Outside Directors at a price of $20.46 per share. This constitutes a related party transaction as it involves a company insider.

Stakeholder Impact

• Shareholders: The transaction increases the alignment of Director Thomas J. Crawford's interests with those of the shareholders, as his beneficial ownership in the company has increased, potentially signaling confidence in the company's future.

Key Dates

Recommendation

Keywords

RGC Resources Inc., RGCO, Form 4, Insider Trading, Director Stock Acquisition, Restricted Stock Plan, Beneficial Ownership, SEC Filing