Form 4: Targa Resources Corp. Executive Robert Muraro Sells Shares Under 10b5-1 Trading Plan

Robert Muraro, Chief Commercial Officer of Targa Resources Corp., executed sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 3, 2024, Robert Muraro, Chief Commercial Officer of Targa Resources Corp., sold shares of common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on February 28, 2024.
• A total of 823 shares were sold at a weighted average price of $145.6793, with individual prices ranging from $145.19 to $146.18.
• An additional 1,677 shares were sold at a weighted average price of $146.4582, with individual prices ranging from $146.19 to $146.77.
• Following these transactions, Muraro directly owns 174,451 shares of Targa Resources Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an executive. It is neutral in tone and reflects routine transactions under a pre-arranged trading plan.

Industry Context

Sales by executives are a normal part of corporate governance. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding concerns about trading on non-public information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates