Form 4: Targa Resources Corp. Director Paul W. Chung Reports Sale of Common Stock

Director Paul W. Chung reported the sale of 5,264 shares of Targa Resources Corp. common stock at a weighted average price of $138.0349 on August 12, 2024.

Summary

• On August 12, 2024, Paul W. Chung, a director of Targa Resources Corp., sold 5,264 shares of common stock.
• The shares were sold at a weighted average price of $138.0349, with individual transaction prices ranging from $137.46 to $138.35.
• Following the transaction, Mr. Chung directly owns 58,791 shares of common stock.
• Mr. Chung also indirectly owns 232,827 shares through the Paul Chung 2008 Family Trust, where he serves as trustee.
• Additionally, 200,500 shares are held by the Helen Chung 2007 Family Trust, with Mr. Chung's spouse and sister-in-law as co-trustees.
• Mr. Chung also owns 45,816 shares through an IRA.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy or sell shares of their company's stock, and these transactions are closely monitored by regulators and investors.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and may not have a significant impact.

Key Dates