Form 4: Targa Resources Corp. Executive Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Julie H. Boushka, Senior VP and CAO of Targa Resources Corp., sold a total of 10,000 shares of common stock on November 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Julie H. Boushka, a Senior VP and CAO at Targa Resources Corp., executed sales of company stock on November 15, 2024.
- The sales were conducted under a pre-established Rule 10b5-1 trading plan adopted on August 9, 2024.
- A total of 10,000 shares of common stock were sold in multiple transactions at varying prices.
- The weighted average sale prices were $190.3774, $191.4, and $192.5914 per share for the respective transactions.
- Following these transactions, Ms. Boushka directly owns 25,143 shares of Targa Resources Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of an executive stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance.
Risks
- Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-arranged trading plans to avoid accusations of insider trading. This filing is a routine disclosure of such activity.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies to manage their personal finances while avoiding potential insider trading issues.
- The reported sales are consistent with typical executive stock transactions and do not appear to be unusual in the context of the industry.
Stakeholder Impact
- The stock sales may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date the Rule 10b5-1 trading plan was adopted by Julie H. Boushka. |
| 11/15/2024 | Date of the stock sales by Julie H. Boushka. |
| 11/19/2024 | Date the Form 4 was signed by Julie H. Boushka. |
Keywords
Targa Resources Corp, insider trading, Form 4, stock sale, Rule 10b5-1, Julie H. Boushka, executive compensation, TRGP
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