Form 4: Targa Resources Corp. Director Lindsey Cooksen Reports Stock Sale
SEC Form 4 Filing
Director Lindsey Cooksen sold 1,050 shares of Targa Resources Corp. (TRGP) common stock on February 28, 2025.
Summary
- On February 28, 2025, Lindsey Cooksen, a director of Targa Resources Corp., sold 1,010 shares of common stock at a price of $198 per share.
- Cooksen also sold 40 shares of common stock on the same day at $201.56 per share.
- Following these transactions, Cooksen directly owns 11,075 shares of Targa Resources Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company insiders. It is a standard practice for directors and officers to periodically buy or sell shares of the company's stock.
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, although it is a relatively small transaction.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock sale transactions |
| 03/04/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Targa Resources Corp, TRGP, Insider Trading, Stock Sale, Lindsey Cooksen, Director
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