Archer Jacqueline L. 4
Research Summary
AI-generated summary
RGC Resources (RGCO) Director Jacqueline Archer Receives 231.557 Shares
What Happened
Jacqueline L. Archer, an outside director of RGC Resources, received an award/acquisition of 231.557 restricted shares on 2026-05-01. The shares were valued at $24.40 each for a total reported value of $5,650. This was an issuance under the company’s Restricted Stock Plan for Outside Directors (a routine director compensation event), not an open-market buy or sale.
Key Details
- Transaction date and price: 2026-05-01 at $24.40 per share.
- Shares acquired: 231.557 restricted shares; total reported value $5,650.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Footnotes:
- F1: Shares issued pursuant to an election under the Restricted Stock Plan for Outside Directors.
- F2: The total includes 165.930 restricted shares purchased 05/01/2026 through dividends reinvested in the same plan.
- Filing timeliness: Form 4 was filed 2026-05-05 for a 2026-05-01 transaction (filed within the normal two-business-day window), so the filing appears timely.
Context
This transaction reflects director compensation and dividend reinvestment activity rather than a buy/sell that signals immediate personal market views. Such awards and reinvestments are common for outside directors and are typically part of the company’s routine governance and pay practices.