Targa Resources Corp. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Recent Sales of Unregistered Securities. None. Repurchase of Equity by Targa Resources Corp. or Affiliated Purchasers. Period Total number of shares withheld (1) Average price per share Total number of shares purchased as part of publicly announced plans Maximum approximate dollar value of shares that may yet be purchased under the plan (2) July 1, 2020 - July 31, 2020 12,088 $ 19.01 — — August 1, 2020 - August 31, 2020 99,356 $ 18.31 — — September 1, 2020 - September 30, 2020 — $ — — — (1) Represents shares that were withheld by us to satisfy tax withholding obligations of certain of our officers, directors and key employees that arose upon the lapse of restrictions on restricted stock. (2) In October 2020, our Board of Directors approved the Share Repurchase Program for the repurchase of up to $500 million of our outstanding common stock. As of November 2, 2020, we have repurchased 4,505,507 shares at a weighted average price of $16.33 for a total net cost of $73.6 million. There is approximately $426 million remaining under the Share Repurchase Program. We may discontinue the Share Repurchase Program at any time and are not obligated to repurchase any specific dollar amount or number of shares. Item 3. Defaults Upon Senior Securities. Not applicable. Item 4. Mine Safety Disclosures. Not applicable.