Ellett Frank Russell 4

What Happened
Frank Russell Ellett, a director of RGC Resources, received an award of 215.63 shares (transaction code A) on 2026-07-01. The shares were issued at an attributable price of $24.27 each, equal to about $5,233 in value. This was an award under the company’s restricted stock plan for outside directors (a compensation/award transaction rather than an open-market purchase or sale).

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (filed promptly).
• Shares acquired: 215.63 restricted shares at $24.27 per share; total value ≈ $5,233.
• Shares owned after transaction: not specified in the provided Form 4.
• Footnote: Shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.
• Transaction type: A = Award/Grant (compensation), not a market buy or sale.

Context
Director awards like this are typically compensation for board service and are common for outside directors; they represent issuance of equity rather than a director expressing a buy/sell market view. Because this is an award, it should be viewed as routine compensation unless combined with other insider buying or selling activity.