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Targa Resources Corp.·4

Feb 27, 4:30 PM ET

Pryor D. Scott 4

Research Summary

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Updated

Targa (TRGP) Pryor D. Scott, President - Logistics & Transportation Sells Shares

What Happened

  • Pryor D. Scott, President — Logistics & Transportation at Targa Resources Corp. (TRGP), executed open-market sales totaling 17,500 shares on Feb. 25, 2026, for aggregate proceeds of approximately $4,006,029. The sales were reported as four transactions at weighted-average prices of $227.28, $228.34, $229.44 and $230.10.
  • On Feb. 26, 2026 the filing also shows gift transactions: a disposal of 12,104 shares, an acquisition of 12,104 shares, and a disposal of 2,500 shares (all reported as gifts at $0.00). These gift entries may reflect transfers involving the Pryor Trust (see footnote).

Key Details

  • Transaction dates: Feb. 25, 2026 (open-market sales) and Feb. 26, 2026 (gifts). Form 4 filed Feb. 27, 2026 (appears timely; Form 4 is typically due within two business days).
  • Market sales: 2,798 shares @ $227.28 (weighted avg; prices ranged $226.82–$227.64), 3,870 shares @ $228.34 (range $227.935–$228.93), 9,134 shares @ $229.44 (range $228.95–$229.92), 1,698 shares @ $230.10 (range $230.01–$230.195). Total proceeds ≈ $4,006,029.
  • Gift entries (Feb. 26): Disposed 12,104 shares (gift), Acquired 12,104 shares (gift), Disposed 2,500 shares (gift). All gifts reported at $0.00.
  • Ownership after transaction: not specified in the excerpt provided; see the full Form 4 for post-transaction holdings.
  • Notable footnotes: prices are weighted averages with per-transaction price ranges available on request (Footnotes F1–F4). Footnote F5 notes the Pryor Trust owns certain shares and that D. Scott Pryor and Marcy Gaye Pryor are co-trustees.

Context

  • These transactions are primarily sales (a common insider activity that can be for many reasons such as portfolio diversification or tax planning). Purchases are generally considered stronger signals of insider confidence; gifts typically do not indicate market sentiment.
  • The matching gift acquisition/disposal of 12,104 shares suggests an intra-personal or trust-related transfer (see Pryor Trust footnote) rather than a market purchase or sale. For full details (exact per-lot prices, reasons, and shares held after the trades), consult the complete Form 4 filing (Accession 0001193125-26-082810).