Form 4: Targa Resources Corp. CEO Matthew Meloy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Targa Resources Corp. CEO Matthew Meloy reports acquisition and disposal of common stock, resulting in a net change in his beneficial ownership.
Summary
- On January 16, 2025, Matthew Meloy acquired 27,752 shares of Targa Resources Corp. common stock.
- On January 20, 2025, he acquired 161,870 shares of common stock.
- Also on January 20, 2025, he disposed of 63,033 shares at a price of $215.72.
- Additionally, on January 20, 2025, he disposed of 25,479 shares at a price of $215.72.
- Following these transactions, Meloy beneficially owns 774,465 shares of Targa Resources Corp. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative news about the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 01/16/2025 | Matthew Meloy acquired 27,752 shares of Targa Resources Corp. common stock. |
| 01/20/2025 | Matthew Meloy acquired 161,870 shares of common stock and disposed of 63,033 shares and 25,479 shares at $215.72 per share. |
| 01/21/2025 | Date of signature for the Form 4 filing. |
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