Form 4: Targa Resources Corp. Director Charles R. Crisp Sells Shares and Makes Gift

Director Charles R. Crisp of Targa Resources Corp. sold 6,000 shares and gifted 500 shares of common stock on November 8, 2024.

Summary

• Charles R. Crisp, a director at Targa Resources Corp., executed two transactions involving the company's common stock on November 8, 2024.
• He sold 6,000 shares at a price of $190.68 per share.
• Additionally, he gifted 500 shares, which were recorded at a price of $0.
• Following these transactions, Mr. Crisp's direct ownership of Targa Resources Corp. common stock decreased to 81,971 shares.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a standard transaction. The sale of shares by a director could be seen as slightly negative, but the gift is neutral.

Negatives

• The sale of 6,000 shares by a director could be perceived negatively by the market.

Risks

• Director share sales can sometimes signal a lack of confidence in the company's future performance, although this is not always the case.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The transactions are typical for directors who may sell shares for personal financial reasons or gift shares for charitable purposes.

Stakeholder Impact

• The share sale may have a minor negative impact on shareholder sentiment, but the overall impact is likely to be minimal.

Key Dates

Keywords

Targa Resources Corp, Director, Share Sale, Stock Gift, Form 4, Charles R. Crisp, Equity Securities, Beneficial Ownership