Targa Resources (TRGP) Director Paul W. Chung Sells Shares

What Happened

• Paul W. Chung, a director of Targa Resources Corp. (TRGP), sold a total of 1,816 shares in open-market transactions on September 1, 2026, generating roughly $537,733 in proceeds. The sales break down as: 1,000 shares at a weighted-average price reported as $295.38 (proceeds $295,381) and 816 shares at $297.00 (proceeds $242,352). These were disposals (sales), which are generally routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction date: 2026-09-01 (filed 2026-09-03; appears timely within the standard two-business-day Form 4 window).
• Sales: 1,000 shares @ weighted-average $295.38 (F1) = $295,381; 816 shares @ $297.00 = $242,352; total ≈ $537,733.
• Footnotes of note:
  • F1: The $295.38 price is a weighted average; individual sale prices ranged $295.05–$295.73. The filer offers to provide a breakdown on request.
  • F2/F3: The sold shares are held by family trusts (Paul Chung 2008 Family Trust; Helen Chung 2007 Family Trust); Mr. Chung is trustee for one trust and a co-trustee relation is noted for the other.
• Shares owned after the transaction: not specified in the provided excerpt — see the filed Form 4 (Accession 0001193125-26-381957) for full holdings.
• No 10b5-1 plan, option exercise, gift, or tax-withholding notation was indicated in the supplied details.

Context

• Sales by directors are common and can be for many reasons (liquidity, diversification, trust administration) and are generally less informative than purchases when inferring insider sentiment. The F1 weighted-price note allows investors or regulators to request the per-trade breakdown for more precision. For full filing details, consult the SEC Form 4 with accession number 0001193125-26-381957.