Form 4: Targa Resources Corp. CFO Acquires Shares in Recent Transaction

Targa Resources Corp.'s Chief Financial Officer, William A. Byers, acquired 6,023 shares of common stock on January 16, 2025.

Summary

• William A. Byers, the Chief Financial Officer of Targa Resources Corp., acquired 6,023 shares of common stock on January 16, 2025.
• The shares were acquired at a price of $0.
• Following the transaction, Mr. Byers directly owns 9,523 shares of Targa Resources Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine insider transaction. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The acquisition of shares by a company's CFO is a common occurrence and is not unusual in the context of executive compensation or personal investment strategies.
• Similar filings are made by executives at comparable companies such as Kinder Morgan, Energy Transfer, and Williams Companies, when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the trading activities of company executives.
• The acquisition of shares by the CFO may be viewed positively by some investors as it demonstrates confidence in the company's future.

Key Dates

Keywords

Targa Resources Corp, William A. Byers, Chief Financial Officer, stock acquisition, insider trading, Form 4