Form 4: Targa Resources Corp. Director Waters S. Davis IV Reports Stock Sale and Gift

Director Waters S. Davis IV reports the sale of 2,190 shares of Targa Resources Corp. stock at an average price of $196.2568 and a gift of 964 shares.

Summary

• On February 25, 2025, Waters S. Davis IV, a director of Targa Resources Corp., sold 2,190 shares of common stock at a weighted average price of $196.2568.
• The sale price ranged from $196.225 to $196.26.
• Following the transaction, Mr. Davis directly owns 2,899 shares.
• On February 27, 2025, Mr. Davis gifted 964 shares.
• Mr. Davis indirectly owns 4,554 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 regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The stock sale and gift by a director could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the director's motives.

Key Dates

Keywords

Targa Resources Corp., TRGP, Form 4, Insider Trading, Stock Sale, Director, Waters S. Davis IV, Beneficial Ownership, Gift