Targa officer granted 10,000 shares in stock award
Targa Resources officer Brent B. Secrest received 10,000 directly held shares plus reports 2,500 indirectly held shares.
Rhea-AI Filing Summary
Targa Resources Corp. (symbol: TRGP) is the issuer of record for a Form 4 filing submitted to the SEC. Secrest Brent B. reported acquisition or exercise transactions in this Form 4 filing.
Targa Resources Corp. (TRGP) reported that officer Brent B. Secrest, President - Logistics and Transportation, received a grant of 10,000 shares of Common Stock on September 1, 2026, at no stated per-share cost, held directly. An additional 2,500 shares are held indirectly through Secrest Family Partnership, Ltd. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 10,000 shares
Grant/Award
2 txns
Insider
Secrest Brent B.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,000 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,000 shares (Direct);
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
Shares granted: 10,000 shares of Common Stock
Transaction price per share: $0.0000 per share
Direct holdings after transaction: 10,000 shares
+1 more
4 metrics
Shares granted
10,000 shares of Common Stock
Grant, award, or other acquisition on September 1, 2026
Transaction price per share
$0.0000 per share
Reported for the 10,000-share grant to Brent B. Secrest
Direct holdings after transaction
10,000 shares
Total Common Stock held directly by Brent B. Secrest after the grant
Indirectly held shares
2,500 shares
Held by Secrest Family Partnership, Ltd., reported as indirect ownership
Key Terms
indirect ownership, Rule 10b5-1 trading plan, grant, award, or other acquisition, Common Stock
4 terms
indirect ownership financial
"total shares following transaction are reported as indirectly held"
Rule 10b5-1 trading plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
grant, award, or other acquisition financial
"Transaction is classified as a grant, award, or other acquisition"
Common Stock financial
"Transactions involve Common Stock of Targa Resources Corp."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did TRGP disclose for Brent B. Secrest?
Targa Resources Corp. disclosed that Brent B. Secrest received a grant of 10,000 shares of Common Stock on September 1, 2026, classified as a grant, award, or other acquisition and held directly.
Was the TRGP insider grant made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no indication that the 10,000-share grant to Brent B. Secrest was made under a Rule 10b5-1 trading plan.
What is Brent B. Secrest’s role at Targa Resources Corp. (TRGP)?
Brent B. Secrest is identified as an officer of Targa Resources Corp., with the remarks stating he is President - Logistics and Transportation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
