RGC Resources (RGCO) executive adds shares via dividend stock plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RGC Resources Inc. Senior VP and Secretary Lawrence T. Oliver reported buying additional common stock through the company’s Dividend Reinvestment and Stock Purchase Plan. He acquired 9.046 shares of common stock at a price of $22.11 per share. Following this purchase, his direct ownership increased to 29,777.234 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9.046 shares ($200)
Net Buy
5 txns
Insider
Oliver Lawrence T.
Role
Senior VP and Secretary
Bought
9.046 shs ($200.01)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 9.046 | $22.11 | $200.01 |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
| holding | Employee Stock Options | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,777.234 shares (Direct);
Employee Stock Options — 0 shares (Direct)
Footnotes (1)
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FAQ
What role does the insider in this RGC Resources (RGCO) Form 4 hold?
The reporting person, Lawrence T. Oliver, serves as Senior VP and Secretary at RGC Resources Inc. His Form 4 filing reflects a personal purchase of common stock through the company’s Dividend Reinvestment and Stock Purchase Plan, adding marginally to his direct share ownership.
Was the RGC Resources (RGCO) insider transaction an open-market buy?
The transaction is categorized as a purchase, with details indicating it occurred via the Dividend Reinvestment and Stock Purchase Plan. This means additional shares were acquired using optional cash contributions under the plan rather than a standard discretionary open-market trade.