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. All of these risks and uncertainties could adversely affect our business, financial condition and/or results of operations.
Item 2. Unregistered Sales of Equit****y 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, 2023 - April 30, 2023 | 119,434 | $ | 75.81 | 118,704 | $ | 82,751 | ||||||||||
| May 1, 2023 - May 31, 2023 | 504,438 | $ | 69.41 | 504,355 | $ | 1,047,744 | ||||||||||
| June 1, 2023 - June 30, 2023 | 1,465,733 | $ | 71.69 | 1,465,003 | $ | 942,722 |
(1)
Includes 2,088,062 shares repurchased under the Share Repurchase Programs, as well as 1,543 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 the fourth quarter of 2020, our Board of Directors approved the 2020 Share Repurchase Program for the repurchase of up to $500.0 million of our outstanding common stock. In May 2023, our Board of Directors approved the 2023 Share Repurchase Program for the repurchase of up to $1.0 billion of our outstanding common stock. During the second quarter of 2023, we exhausted the 2020 Share Repurchase Program. We may discontinue the 2023 Share Repurchase Program at any time and are not obligated to repurchase any specific dollar amount or number of shares thereunder.
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Saf****ety Disclosures.
Not applicable.
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