Form 4: Targa Resources Corp. Director Paul W. Chung Reports Stock Sales

Director Paul W. Chung reports the sale of Targa Resources Corp. common stock in multiple transactions on February 28, 2025.

Summary

• On February 28, 2025, Paul W. Chung, a director of Targa Resources Corp., sold 2,236 shares of common stock at a weighted average price of $202.1788.
• He also sold 3,986 shares of common stock at a weighted average price of $203.3267 on the same day.
• Following these transactions, Mr. Chung directly owns 35,920 shares of common stock.
• Mr. Chung also indirectly owns 232,827 shares through the Paul Chung 2008 Family Trust, 200,500 shares through the Helen Chung 2007 Family Trust, and 45,816 shares through an IRA.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the financial markets. It provides transparency into the trading activities of individuals with significant knowledge of the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The reported transactions are similar to those of other directors and officers who periodically adjust their holdings in company stock.

Stakeholder Impact

• The stock sales by a director could have a minor impact on shareholder sentiment, but the transactions are relatively small in the context of the overall market capitalization of Targa Resources Corp.

Key Dates

Keywords

Targa Resources Corp., Paul W. Chung, stock sale, Form 4, director, common stock, beneficial ownership, transaction