Form 4: Targa Resources Corp. Executive D. Scott Pryor Sells $2.26 Million in Common Stock

D. Scott Pryor, President of Logistics and Transportation at Targa Resources Corp., sold 20,000 shares of common stock for approximately $2.26 million on May 13, 2024.

Summary

• On May 13, 2024, D. Scott Pryor, President of Logistics and Transportation at Targa Resources Corp., sold 20,000 shares of common stock.
• The sale was executed at a weighted average price of $113.1345 per share, resulting in a total transaction value of approximately $2.26 million.
• Following the transaction, Pryor directly owns 41,830 shares and indirectly owns 136,098 shares through the Pryor Trust.
• The shares owned by the Pryor Trust are managed by D. Scott Pryor and Marcy Gaye Pryor as co-trustees.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, providing transparency to investors regarding the transactions of company executives. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The stock sale by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons behind the sale.

Key Dates