Summary
Targa Resources Corp. (TRGP) announced a change to its Board of Directors on September 11, 2018, via an 8-K filing. The company expanded its board from ten to eleven members, appointing Ms. Beth A. Bowman as a Class II Director with a term expiring in 2021. Ms. Bowman has also been appointed to the Risk Management Committee, indicating a focus on governance and oversight. Ms. Bowman's appointment is part of the company's standard director compensation practices. She will receive a restricted stock award of 771 shares, vesting in one year, contingent on continued service. Additionally, an indemnification agreement has been entered into with Ms. Bowman to cover potential liabilities arising from her service. This filing primarily concerns corporate governance and does not appear to involve significant financial transactions or operational updates.
Key Highlights
- 1Targa Resources Corp. expanded its Board of Directors from ten to eleven members.
- 2Ms. Beth A. Bowman was appointed as a new Class II Director.
- 3Ms. Bowman's term as a director will expire at the Company's 2021 annual meeting of stockholders.
- 4Ms. Bowman has been appointed to the Board's Risk Management Committee.
- 5Ms. Bowman received a restricted stock award of 771 shares, vesting on September 7, 2019.
- 6The Company entered into an indemnification agreement with Ms. Bowman.