trgp-8k_20200323.DOCX.htm
false 0001389170 0001389170 2020-03-23 2020-03-23

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): March 23, 2020

 

TARGA RESOURCES CORP.

(Exact name of registrant as specified in its charter)

 

 

Delaware

001-34991

20-3701075

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation or organization)

File Number)

Identification No.)

 

 

 

811 Louisiana, Suite 2100

Houston, TX 77002

(Address of principal executive office and Zip Code)

 

 

 

(713) 584-1000

(Registrants’ telephone number, including area code)

 

 

 

 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common stock

TRGP

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


 

Item 8.01  Other Events.

 

On March 23, 2020, 160,000 shares of common stock of Targa Resources Corp. (the “Company”), par value $0.001 per share (“common stock”), owned by Rene R. Joyce, a director of the Company, were sold pursuant to an involuntary margin call effected by Mr. Joyce’s broker. Following the sale, Mr. Joyce continues to beneficially own approximately 906,871 shares of common stock, including previously granted unvested stock-based compensation, 795,642 of which remain pledged. Given the recent volatility in the capital markets, it is possible that additional involuntary sales effected by Mr. Joyce’s broker could occur. No other directors or executive officers of the Company have any common stock pledged against margin loans.


 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

TARGA RESOURCES CORP.

 

 

 

 

Dated: March 25, 2020

By:

/s/ Jennifer R. Kneale

 

 

 

Jennifer R. Kneale

 

 

Chief Financial Officer

 

 

v3.20.1
Document and Entity Information
Mar. 23, 2020
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001389170
Document Type 8-K
Document Period End Date Mar. 23, 2020
Entity Registrant Name TARGA RESOURCES CORP.
Entity Incorporation State Country Code DE
Entity File Number 001-34991
Entity Tax Identification Number 20-3701075
Entity Address, Address Line One 811 Louisiana
Entity Address, Address Line Two Suite 2100
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77002
City Area Code (713)
Local Phone Number 584-1000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Security 12b Title Common stock
Trading Symbol TRGP
Security Exchange Name NYSE