Targa officer reports 2,500-share stake
Targa Resources officer Brent B. Secrest filed a Form 3 disclosing 2,500 TRGP shares held indirectly through a family partnership.
Rhea-AI Filing Summary
Targa Resources Corp. (TRGP) reported an initial insider ownership statement for officer Brent B. Secrest. The filing shows 2,500 shares of Common Stock held as of September 1, 2026 through indirect ownership by Secrest Family Partnership, Ltd., whose general partner is Secrest Management, LLC, where Mr. Secrest is a manager. No new purchase or sale is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Secrest Brent B.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,500 shares (Indirect, See Footnote)
Footnotes (1)
- F1. Shares are held by Secrest Family Partnership, Ltd., a limited partnership. The general partner of Secrest Family Partnership, Ltd. is Secrest Management, LLC, of which Mr. Secrest is a manager.
Key Figures
Indirectly held Common Stock: 2,500 shares
Reporting date: September 1, 2026
Number of holding entries: 1
3 metrics
Indirectly held Common Stock
2,500 shares
Total TRGP common shares indirectly owned following the reported holding as of September 1, 2026
Reporting date
September 1, 2026
Date of the reported holding entry for the 2,500 indirectly held shares
Number of holding entries
1
Single holding record reported on this Form 3
Key Terms
Form 3, indirect ownership, limited partnership, Power of Attorney
4 terms
Form 3 regulatory
"reported an initial insider ownership statement for officer Brent B. Secrest"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"held as of September 1, 2026 through indirect ownership by Secrest Family Partnership"
limited partnership financial
"Shares are held by Secrest Family Partnership, Ltd., a limited partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
Power of Attorney regulatory
"See attached for Exhibit 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What does the Form 3 filing for TRGP disclose about Brent B. Secrest?
The Form 3 reports that officer Brent B. Secrest has an indirect ownership position in 2,500 shares of Targa Resources Corp. common stock, held through Secrest Family Partnership, Ltd. It is an initial ownership report and does not show a new transaction.
Is the ownership reported by Brent B. Secrest in TRGP direct or indirect?
The ownership reported is indirect. The 2,500 TRGP common shares are held by Secrest Family Partnership, Ltd., whose general partner is Secrest Management, LLC, where Mr. Secrest serves as a manager.
Does the TRGP Form 3 for Brent B. Secrest report any stock purchases or sales?
No. The Form 3 for Brent B. Secrest reports a holding entry of 2,500 TRGP common shares but does not show any purchase, sale, acquisition, or disposition transaction. It is an initial statement of beneficial ownership.
What role does Brent B. Secrest hold at Targa Resources Corp. in this filing?
The filing identifies Brent B. Secrest as an officer of Targa Resources Corp., with the remarks stating he is President - Logistics and Transportation. This context is provided alongside his initial ownership disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
