Form 4: Targa Resources Corp. Director Sells Shares in Open Market Transaction

Targa Resources Corp. director Paul W. Chung sold 18,037 shares of common stock at an average price of $190.0325 on November 8, 2024.

Summary

• Paul W. Chung, a director at Targa Resources Corp., sold 18,037 shares of common stock on November 8, 2024.
• The sale was executed at a weighted average price of $190.0325 per share.
• The prices for the shares sold ranged from $189.70 to $190.26.
• Following the transaction, Mr. Chung directly owns 40,754 shares.
• Mr. Chung also indirectly owns 232,827 shares through the Paul Chung 2008 Family Trust, where he serves as trustee.
• Additionally, he indirectly owns 200,500 shares through the Helen Chung 2007 Family Trust, where his spouse and sister-in-law are co-trustees.
• Mr. Chung also indirectly owns 45,816 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure of a director's stock sale, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reported transaction is similar to other director stock sales in the energy sector, where executives often hold significant equity positions.
• The price range of the sale is within the typical market fluctuations for Targa Resources Corp. stock.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial position.

Key Dates

Keywords

Targa Resources Corp., insider trading, Form 4, stock sale, Paul W. Chung, director, equity securities, beneficial ownership