Form 4: Targa Resources CEO Matthew Meloy Reports Stock Transaction

Targa Resources CEO Matthew Meloy reported the disposal of 9,098 shares of common stock on November 8, 2024.

Summary

• Targa Resources Corp. CEO Matthew J. Meloy reported a transaction involving the company's common stock.
• On November 8, 2024, Mr. Meloy disposed of 9,098 shares of common stock.
• The disposal was a gift, and the price per share was $0.
• Following the transaction, Mr. Meloy directly owns 673,355 shares of Targa Resources Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no inherent positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine SEC Form 4 filing, which is standard practice for corporate insiders reporting transactions in their company's stock. It provides transparency into the trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders across all publicly traded companies in the US.
• The reporting of stock transactions by executives is a common practice and is comparable to similar filings by executives at companies like Enterprise Products Partners, Kinder Morgan, and Williams Companies.

Stakeholder Impact

• This transaction may be of interest to shareholders as it provides insight into the trading activity of the company's CEO.

Key Dates

Keywords

Targa Resources, Matthew Meloy, stock transaction, Form 4, insider trading, equity securities, common stock, SEC filing