Form 4: Targa Resources Corp. Director Waters S. Davis IV Reports Change in Beneficial Ownership
SEC Form 4
Director Waters S. Davis IV reports a transaction involving Targa Resources Corp. common stock, including acquisition and disposition of shares.
Summary
- On January 16, 2025, Waters S. Davis IV, a director of Targa Resources Corp., reported a change in beneficial ownership of the company's common stock.
- Davis acquired 899 shares of common stock at $0.
- Davis disposed of 5,089 shares of common stock.
- Following the reported transactions, Davis directly owns 0 shares and indirectly owns 5,518 shares through the Waters Davis Legacy Trust, where he serves as co-trustee and co-beneficiary.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a change in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities.
Stakeholder Impact
- The change in beneficial ownership may be of interest to shareholders, providing insight into the director's investment decisions.
Key Dates
| Date | Description |
|---|---|
| 01/16/2025 | Date of transaction involving Targa Resources Corp. common stock. |
| 01/21/2025 | Date of signature for the Form 4 filing. |
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