Ellett Frank Russell 4

What Happened
Ellett Frank Russell (Director) acquired 214.481 shares of RGC Resources, Inc. (RGCO) on 2026-05-01 through a grant/award under the company's Restricted Stock Plan for Outside Directors. The filing reports an acquisition price of $24.40 per share for a total reported value of $5,233. This transaction is an award/grant (code A), which is an acquisition rather than a sale.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-05 (filed within the 2-business-day Form 4 deadline).
• Price: $24.40 per share; Total value reported: $5,233.
• Shares acquired: 214.481 restricted shares (code A).
• Footnote F1: Shares issued pursuant to an election under the Restricted Stock Plan for Outside Directors.
• Footnote F2: Of the total, 8.464 shares were purchased 05/01/2026 via dividend reinvestment in the Outside Directors' Restricted Stock Plan and 65.903 shares via dividend reinvestment in the company's Dividend Reinvestment and Stock Purchase Plan.
• Shares owned after the transaction: Not specified in the Form 4.

Context

• This was an equity award and dividend-reinvestment acquisition for a non-employee director, not an option exercise or open-market purchase. Awards and dividend reinvestments are common for outside directors and reflect plan-based compensation rather than a trading decision.
• No indication of a 10b5-1 plan, gift, or tax-withholding sale in this filing.