Targa Resources (NYSE: TRGP) exec withholds 1,346 shares for obligations
Rhea-AI Filing Summary
Targa Resources Corp. executive Benjamin James Branstetter, President – Logistics and Transportation, reported that 1,346 shares of Common Stock were withheld on August 1, 2026 to satisfy exercise-price or tax obligations at $270.37 per share. After this disposition, he directly holds 27,941.8235 shares. A footnote clarifies his March 3, 2026 Form 3 and a subsequent Form 4 had understated his prior holdings, which were actually 36,087.8235 shares at that time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,346 shares
Net Sell
1 txn
Insider
Branstetter Benjamin James
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock F1 | 1,346 | $270.37 | $364K |
Holdings After Transaction:
Common Stock — 27,941.8235 shares (Direct)
Footnotes (1)
- F1. On March 3, 2026, Mr. Branstetter filed a Form 3 which inadvertently reported that he held 36,085.1191 shares of the issuer's common stock, a mistake that was carried forward in Mr. Branstetter's subsequent Form 4 filing. In fact, at that time, Mr. Branstetter held 36,087.8235 shares of the issuer's common stock.
Key Figures
Shares withheld for liabilities: 1,346 shares
Price per share: $270.37 per share
Shares owned after transaction: 27,941.8235 shares
+2 more
5 metrics
Shares withheld for liabilities
1,346 shares
Common Stock disposition on 2026-08-01 for exercise-price or tax obligations
Price per share
$270.37 per share
Value assigned to the 1,346 withheld Common Stock shares on 2026-08-01
Shares owned after transaction
27,941.8235 shares
Direct Common Stock holdings following the August 1, 2026 withholding
Previously reported holdings
36,085.1191 shares
Common Stock holdings incorrectly reported on Form 3 as of March 3, 2026
Correct prior holdings
36,087.8235 shares
Actual Common Stock holdings as of March 3, 2026, per corrective footnote
Key Terms
Payment of exercise price or tax liability, Form 3, Form 4, Common Stock
4 terms
Payment of exercise price or tax liability regulatory
"Transaction code F described as "Payment of exercise price or tax liability by delivering or withholding securities""
Form 3 regulatory
"On March 3, 2026, Mr. Branstetter filed a Form 3 which inadvertently reported that he held 36,085.1191 shares"
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.
Form 4 regulatory
"a mistake that was carried forward in Mr. Branstetter's subsequent Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"In fact, at that time, Mr. Branstetter held 36,087.8235 shares of the issuer's common stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Targa Resources (TRGP) executive Benjamin Branstetter report?
Benjamin Branstetter reported that 1,346 shares of Targa Resources Common Stock were withheld on August 1, 2026 to cover exercise-price or tax obligations. This is coded as an F transaction, meaning payment of such liabilities by delivering or withholding securities.
Was Benjamin Branstetter’s Targa Resources (TRGP) transaction under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, so this reported withholding of 1,346 shares was not affirmatively disclosed as occurring under a Rule 10b5-1 trading plan. No separate trading arrangement is described in the provided data.