Ellett Frank Russell 4

What Happened
Frank Ellett, a director of RGC Resources, received a grant/acquisition of 228.53 shares on June 1, 2026. The award is reported at $22.90 per share for a total value of $5,233. This was an award under the company’s restricted stock plan for outside directors (transaction code A) and represents director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely).
• Shares acquired: 228.53; reported price per share: $22.90; total value: $5,233.
• Footnote: Shares issued pursuant to an election under the Restricted Stock Plan for Outside Directors (F1).
• Shares owned after transaction: not disclosed in the provided filing.
• Transaction code: A (award/grant). Not a sale or open-market purchase.

Context
Restricted stock awards to outside directors are commonly regular compensation and often subject to vesting or transfer restrictions; they do not necessarily signal the director buying or selling company stock in the open market. This filing documents the issuance of shares, not an exercised option or an outright market trade.