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

Director Paul W. Chung reported the sale of 4,701 shares of Targa Resources Corp. common stock at an average price of $113.2893 on May 9, 2024.

Summary

• On May 9, 2024, Paul W. Chung, a director of Targa Resources Corp., sold 4,701 shares of common stock.
• The sale was executed at a weighted average price of $113.2893 per share.
• The prices ranged from $113 to $113.5202.
• Following the transaction, Mr. Chung directly owns 58,791 shares of common stock.
• Mr. Chung indirectly owns 239,507 shares through the Paul Chung 2008 Family Trust and 200,500 shares through the Helen Chung 2007 Family Trust.
• He also indirectly owns 45,816 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale by a company director, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the energy sector.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates