Form 4: RGC Resources Inc. Executive Lawrence T. Oliver Reports Stock Purchase
SEC Form 4 Filing
Lawrence T. Oliver, VP and Secretary of RGC Resources Inc., reports purchasing common stock through the company's Dividend Reinvestment and Stock Purchase Plan.
Summary
- On February 3, 2025, Lawrence T. Oliver, VP and Secretary of RGC Resources Inc., acquired 9.728 shares of common stock at a price of $20.56 per share.
- This purchase was made through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
- Following the transaction, Oliver directly owns 23,287.09 shares of RGC Resources Inc. common stock.
- This total includes shares purchased through dividend reinvestments in both the Dividend Reinvestment and Stock Purchase Plan (78.309 shares) and the Restricted Stock Plan (124.293 restricted shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction under a pre-existing plan, suggesting confidence but not necessarily a major shift in outlook.
Positives
- Executive's participation in the Dividend Reinvestment and Stock Purchase Plan signals confidence in the company's future.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects, although routine purchases under established plans are generally less significant.
Stakeholder Impact
- The purchase may have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/01/2020 | Date exercisable for employee stock options at $27.87, expiring 04/01/2030 |
| 11/26/2021 | Date exercisable for employee stock options at $22.93, expiring 05/26/2031 |
| 01/25/2023 | Date exercisable for employee stock options at $19.9, expiring 07/25/2032 |
| 04/18/2024 | Date exercisable for employee stock options at $16.62, expiring 10/18/2033 |
| 02/03/2025 | Date of common stock purchase through Dividend Reinvestment and Stock Purchase Plan |
| 02/05/2025 | Date of Form 4 filing |
| 04/01/2030 | Expiration date for employee stock options at $27.87 |
| 05/26/2031 | Expiration date for employee stock options at $22.93 |
| 07/25/2032 | Expiration date for employee stock options at $19.9 |
| 10/18/2033 | Expiration date for employee stock options at $16.62 |
Keywords
RGC Resources Inc., Lawrence T. Oliver, Form 4, insider trading, stock purchase, dividend reinvestment, RGCO, executive compensation, stock options
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