RGC Resources Director Frank Russell Receives Restricted Stock Award

What Happened
Frank Russell, a director of RGC Resources, received 242.621 shares as an award on 2026-09-01. The award is recorded at $21.57 per share for a total reported value of $5,233. This transaction is an issuance of restricted stock to an outside director (an acquisition/award), a routine form of director compensation rather than an open-market buy.

Key Details

• Transaction date and type: 2026-09-01 — Award/Acquisition (code A) of 242.621 shares at $21.57/share (total $5,233).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: Shares were issued pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc. (F1).
• Filing timeliness: Report filed 2026-09-02 for a 2026-09-01 transaction (timely filing).

Context
Restricted stock awards to outside directors are common compensation and do not necessarily signal the director buying or selling based on private information. This issuance reflects routine director pay under the company’s plan rather than a market purchase or sale.