Form 4: Targa Resources Corp. Director Joe Bob Perkins Reports Stock Transaction

Director Joe Bob Perkins reports contributing 150,000 shares of Targa Resources Corp. common stock to an exchange fund at $155.53 per share on September 24, 2024.

Summary

• Joe Bob Perkins, a director of Targa Resources Corp., filed a Form 4 detailing a transaction involving the company's common stock.
• On September 24, 2024, Perkins contributed 150,000 shares of Targa Resources Corp. common stock to Perkins Blue House Investments Limited Partnership (PBHILP).
• The contribution was made to an exchange fund in exchange for shares of the exchange fund.
• The common stock was valued at $155.53 per share for the purpose of determining the number of shares of the exchange fund issuable to PBHILP.
• Following the transaction, Perkins directly owns 20,440 shares and indirectly owns 110,470 shares through PBHILP, 7,622 shares through PBHtwo LP and 19,600 shares by his wife.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates