Form 4: Targa Resources Executive McDonie Reports Stock Transactions

Targa Resources Corp. executive Patrick J. McDonie reported multiple transactions involving the company's common stock, including acquisitions and disposals.

Summary

• Patrick J. McDonie, a President at Targa Resources Corp., reported several transactions involving the company's common stock.
• On January 16, 2025, McDonie acquired 7,372 shares of common stock.
• On January 20, 2025, McDonie acquired 39,455 shares of common stock.
• Also on January 20, 2025, McDonie disposed of 16,740 shares and 6,960 shares of common stock at a price of $215.72 per share.
• Following these transactions, McDonie beneficially owns 313,741 shares of Targa Resources Corp. common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Management Comments

• Patrick J. McDonie is the President Gathering and Processing at Targa Resources Corp.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, and the transactions reported are typical for executives who receive stock-based compensation or exercise stock options.
• Similar filings are made by executives at companies like Enterprise Products Partners (EPD) and Kinder Morgan (KMI), which are also in the midstream energy sector.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

Targa Resources Corp, TRGP, stock transactions, insider trading, Form 4, equity securities, Patrick J. McDonie