Form 4: Targa Resources Corp. Executive D. Scott Pryor Reports Changes in Beneficial Ownership

Targa Resources Corp. executive D. Scott Pryor reported multiple transactions involving company stock, including acquisitions and disposals, resulting in a net change in his holdings.

Summary

• D. Scott Pryor, President of Logistics and Transportation at Targa Resources Corp., reported several transactions involving the company's common stock.
• On January 16, 2025, Pryor acquired 7,372 shares of common stock at $0.
• On January 20, 2025, Pryor acquired 39,455 shares of common stock at $0.
• Also on January 20, 2025, Pryor disposed of 14,866 shares at a price of $215.72 per share.
• Additionally, on January 20, 2025, Pryor disposed of 6,211 shares at a price of $215.72 per share.
• Following these transactions, Pryor directly owns 67,580 shares and indirectly owns 82,979 shares through the Pryor Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by an executive, with no indication of positive or negative sentiment.

Management Comments

• D. Scott Pryor is the President of Logistics and Transportation at Targa Resources Corp.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the energy sector and among publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, and this filing is consistent with standard reporting practices.
• Similar filings are made by executives at companies like Enterprise Products Partners (EPD) and Kinder Morgan (KMI), which are also in the midstream energy sector.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are not expected to significantly affect stakeholders.

Key Dates

Keywords

Targa Resources Corp, TRGP, Beneficial Ownership, SEC Form 4, Stock Transactions, D. Scott Pryor, Executive Stock Holdings