Form 4: RGC Resources VP Lawrence T. Oliver Reports Stock Purchase
SEC Form 4
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 March 1, 2024, Lawrence T. Oliver, VP and Secretary of RGC Resources Inc. (RGCO), purchased 10.576 shares of common stock at a price of $18.91 per share.
- The purchase was made through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.
- Following the transaction, Oliver directly owns 17,461.092 shares of RGC Resources Inc. common stock.
- Oliver also holds employee stock options for 5,000 shares at an exercise price of $27.87, expiring on April 1, 2030.
- He holds employee stock options for 3,000 shares at an exercise price of $22.93, expiring on May 26, 2031.
- He holds employee stock options for 1,000 shares at an exercise price of $19.9, expiring on July 25, 2032.
- He holds employee stock options for 5,000 shares at an exercise price of $16.62, expiring on October 18, 2033.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine insider transaction. The purchase could be seen as a slightly positive signal, but it's a small amount.
Positives
- Insider purchase may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The insider purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/01/2020 | Date exercisable for employee stock options with expiration date 04/01/2030 |
| 11/26/2021 | Date exercisable for employee stock options with expiration date 05/26/2031 |
| 01/25/2023 | Date exercisable for employee stock options with expiration date 07/25/2032 |
| 03/01/2024 | Date of common stock purchase |
| 04/18/2024 | Date exercisable for employee stock options with expiration date 10/18/2033 |
| 03/05/2024 | Date of signature on the Form 4 filing |
| 04/01/2030 | Expiration date for employee stock options |
| 05/26/2031 | Expiration date for employee stock options |
| 07/25/2032 | Expiration date for employee stock options |
| 10/18/2033 | Expiration date for employee stock options |
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