BOXLEY ABNEY S III 4
Research Summary
AI-generated summary
RGC Resources (RGCO) Director Boxley Abney Receives Award
What Happened
Boxley Abney S. III, a director of RGC Resources, received a grant of 278.121 restricted shares (transaction code A) on 2026-07-01 at an assigned value/price of $24.27 per share, for a total reported value of $6,750. This was an award under the company's Restricted Stock Plan for Outside Directors.
Key Details
- Transaction date: 2026-07-01; Price/value reported: $24.27 per share; Total value: $6,750.
- Shares acquired: 278.121 restricted shares (award/grant).
- Reported beneficial ownership after the transaction: 69,580.589 shares owned directly and 375.000 shares owned indirectly through a UTMA for the reporting person's child (total ~69,955.589). (See footnote F2.)
- Footnote: Shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors (F1).
- Filing: Form 4 was filed on 2026-07-02 for the 2026-07-01 transaction (timely filing).
Context
This transaction is a director compensation award (not an open-market purchase or sale). Such grants are commonly part of outside-director pay and do not, by themselves, indicate a personal buy/sell decision about the company’s stock.