filings.toolsItem 1A. Risk Factors.
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Item 1A. Risk Factors.
For an in-depth discussion of our risk factors, see “Part I—Item 1A. Risk Factors” of our Annual Report in addition to the risk factor discussed below. All of these risks and uncertainties, including the risk discussed below, could adversely affect our business, financial condition and/or results of operations.
Changes in tax laws or the imposition of new or increased taxes may adversely affect our financial condition, results of operations and cash flows.
U.S. federal and state level legislation is periodically proposed that would, if enacted into law, make significant changes to tax laws and could materially impact our tax obligations, financial condition, results of operations and cash flows including cash available for distributions and other uses.
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 purchased (1) | Average price per share | Total number of shares purchased as part of publicly announced plans (2) | Maximum approximate dollar value of shares that may yet be purchased under the plan (in thousands) (2) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| April 1, 2022 - April 30, 2022 | 193,044 | $ | 77.74 | 192,931 | $ | 303,840.1 | ||||||||||
| May 1, 2022 - May 31, 2022 | 359,207 | $ | 69.26 | 358,783 | $ | 278,991.7 | ||||||||||
| June 1, 2022 - June 30, 2022 | 571,136 | $ | 60.12 | 570,211 | $ | 244,714.8 |
| (1) | Includes 1,121,925 shares repurchased under our $500 million common share repurchase program, as well as 1,462 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. |
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| (2) | In the fourth quarter 2020, our board of directors approved a share repurchase program for the repurchase of up to $500 million of our outstanding common stock. We may discontinue this share repurchase program at any time and are not obligated to repurchase any specific dollar amount or number of shares. |
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Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
Previous: Item 4. Controls and Procedures. · Next: Item 5. Other Information.