Christen Brooke Miles, VP at RGC Resources (NASDAQ:RGCO), reported a large acquisition of company stock options on October 23, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Miles, VP at RGC Resources, a company in the Utilities sector, was just awarded stock options worth 5,000 shares of RGCO. The options give Miles the right to buy the company's stock at $16.62 per share.
RGC Resources shares are trading down 0.0% at $16.12 at the time of this writing on Tuesday morning. Since the current price is $16.12, this makes Miles's 5,000 shares worth $80,600.