RGC Resources Director Robert B. Johnston Buys 1,070 Shares

What Happened
Robert B. Johnston, a director of RGC RESOURCES INC (RGCO), made two open-market purchases on 2026-09-23. He acquired 1,000 shares at $20.75 each ($20,750) and 70 shares at $20.62 each ($1,443), for a combined outlay of $22,193. These were purchases (Form 4 code P), which are commonly viewed as a more bullish signal than sales, though they do not guarantee future performance.

Key Details

• Transaction date: 2026-09-23 (reported on Form 4 filed 2026-09-25).
• Trades: 1,000 shares @ $20.75 ($20,750) and 70 shares @ $20.62 ($1,443). Total = 1,070 shares / $22,193.
• Transaction type/code: Open-market purchase (P).
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes: None reported in the provided details (no 10b5-1 plan, gift, exercise, or tax-withholding noted).
• Filing timeliness: Filed two days after the trades (within the normal two-business-day Form 4 reporting window).

Context
This was a straightforward open-market buy by a company director (not a derivative exercise or award). Purchases by insiders can attract investor attention because they represent the insider putting personal capital into the company's stock, but they should be considered alongside other factors (position, holding size, timing, and broader company fundamentals).