Form 4: Targa Resources CEO Matthew Meloy Reports Gift of 14,336 Shares
SEC Form 4 Filing
Targa Resources Corp. CEO Matthew J. Meloy reported a gift of 14,336 common stock shares on August 7, 2024, leaving him with 682,453 shares.
Summary
- On August 7, 2024, Matthew J. Meloy, the CEO of Targa Resources Corp., reported a transaction involving the company's common stock.
- The transaction was a gift, where Meloy disposed of 14,336 shares.
- Following this transaction, Meloy directly owns 682,453 shares of Targa Resources Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a gift of shares, which is a neutral event from an investment perspective.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders, as it is a personal transaction of the CEO.
- However, transparency in insider transactions is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of the gift transaction of common stock. |
| 08/09/2024 | Date of signature on the Form 4 filing. |
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