Form 4: Targa Resources Corp. Executive Vice President Sells 3,000 Shares

Gerald R. Shrader, Executive Vice President, General Counsel, and Secretary of Targa Resources Corp., sold 3,000 shares of common stock on August 9, 2024, at a price of $136.065 per share.

Summary

• On August 9, 2024, Gerald R. Shrader, an Executive Vice President, General Counsel, and Secretary at Targa Resources Corp., sold 3,000 shares of the company's common stock.
• The sale price was $136.065 per share.
• Following the transaction, Shrader directly owns 29,603 shares of Targa Resources Corp.
• The transaction was reported on August 12, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by an executive may cause some investors to question the executive's confidence in the company, although it could be for personal financial reasons.

Key Dates