Form 4: Targa Resources Corp. Executive Robert Muraro Sells 10,000 Shares
SEC Filing Form 4
Robert Muraro, Chief Commercial Officer of Targa Resources Corp., sold 10,000 shares of common stock at a weighted average price of $140.0422 per share on August 14, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 14, 2024, Robert Muraro, the Chief Commercial Officer of Targa Resources Corp., sold 10,000 shares of the company's common stock.
- The sales were executed at a weighted average price of $140.0422 per share.
- The transactions occurred under a pre-arranged Rule 10b5-1 trading plan adopted on February 28, 2024.
- Following the sale, Muraro directly owns 176,951 shares of Targa Resources Corp.
- The shares were sold in multiple transactions at prices ranging from $140.00 to $140.10, inclusive.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's future.
Industry Context
Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 08/14/2024 | Date of stock sale transaction |
| 08/15/2024 | Date of Form 4 filing |
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