Form 4: Targa Resources Corp. Director Rene Joyce Reports Gift of 5,000 Shares
SEC Form 4 Filing
Director Rene Joyce reported a gift of 5,000 shares of Targa Resources Corp. common stock and changes in indirect ownership through family trusts.
Summary
- On August 8, 2024, Rene Joyce, a director of Targa Resources Corp., reported a transaction involving the company's common stock.
- Mr. Joyce gifted 5,000 shares of common stock.
- Following the transaction, Mr. Joyce directly owns 214,979 shares.
- Mr. Joyce also indirectly owns 193,759 shares through the Rene Joyce 2010 Grantor Retained Annuity Trust, where he and his spouse are co-trustees.
- Additionally, he indirectly owns 371,292 shares through the Kay P. Joyce Family Trust, where his spouse is the trustee.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- The gift of shares by a director could be perceived as a neutral event.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of transaction (gift of shares) |
| 08/09/2024 | Date of signature on the Form 4 filing |
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