Ellett Frank Russell has reported the acquisition of 227.141 shares of common stock in RGC Resources Inc. on November 2, 2026. This transaction is significant as it demonstrates Russell's ongoing investment in the company, which operates in the natural gas transmission and distribution sector.

The filing reveals that Russell's total shares owned following this transaction amount to 15,913.69. The shares were acquired at a price of $23.04 each, reflecting a strategic move as part of the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

Background

Ellett Frank Russell is an individual investor, as indicated by the SEC filings. The company does not have a publicly listed ticker or exchange, and it is categorized under the entity type 'other'. RGC Resources Inc., the issuer of the shares, is classified under the SIC code 4923, which pertains to natural gas transmission and distribution.

What the Filing Says

"Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc."

Additionally, the filing notes that the transaction included shares purchased through dividends reinvested in the Restricted Stock Plan and the Dividend Reinvestment and Stock Purchase Plan.

Impact

This acquisition may impact RGC Resources Inc. by signaling continued insider confidence in the company’s operations and future growth. As a director, Russell's investments can influence shareholder sentiment and potentially affect market perceptions of the company.

What's Next

The filing does not say what happens next.