Targa director sells 1,816 shares near $297
Targa Resources director Paul W. Chung disclosed IRA-based open-market sales totaling 1,816 TRGP shares while retaining significant direct and trust-related holdings.
Rhea-AI Filing Summary
Targa Resources Corp. (TRGP) director Paul W. Chung reported selling a total of 1,816 shares of common stock on September 1, 2026 through an IRA account in open-market transactions. The sales consisted of 1,000 shares at a weighted average price of $295.381 and 816 shares at $297.00 per share. Following these transactions, he reported holding 30,479 shares of common stock directly, with additional indirect holdings through family trusts. No Rule 10b5-1 trading plan is reported.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 1,816 shares
Net Sell
5 txns
Insider
Chung Paul W
Role
Director
Sold
1,816 shs ($538K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,000 | $295.381 | $295K |
| Sale | Common Stock | 816 | $297.00 | $242K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,000 shares (Indirect, By IRA);
Common Stock — 30,479 shares (Direct);
Common Stock — 433,327 shares (Indirect, See Footnote)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.05 to $295.73, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- F2. These shares are held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee
- F3. These shares are held by the Helen Chung 2007 Family Trust, of which Mr. Chung's spouse and Mr. Chung's sister-in-law serve as co-trustees.
Key Figures
Shares sold (total): 1,816 shares
Sale price (weighted average block): $295.381 per share
Sale price (second block): $297.00 per share
+2 more
5 metrics
Shares sold (total)
1,816 shares
Common stock sold by Paul W. Chung on September 1, 2026 through an IRA
Sale price (weighted average block)
$295.381 per share
Weighted average price for 1,000 shares sold in multiple trades
Sale price (second block)
$297.00 per share
Price for 816 shares of common stock sold
Price range for weighted average sale
$295.05–$295.73 per share
Range of prices for trades included in the 1,000-share weighted average
Direct holdings after transaction
30,479 shares
Common stock held directly by Paul W. Chung after the reported sales
Key Terms
weighted average price, IRA, indirect ownership, trustee
4 terms
weighted average price financial
"The price reported ... is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
IRA financial
"Shares reported as indirectly owned with nature of ownership By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
indirect ownership financial
"Shares classified with ownership type indirect and nature of ownership by IRA or trust"
trustee financial
"These shares are held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did TRGP director Paul W. Chung report on this Form 4?
He reported selling 1,816 shares of Targa Resources Corp. common stock on September 1, 2026 in open-market transactions executed through an IRA account, while continuing to hold additional shares directly and indirectly.
Were Paul W. Chung’s TRGP stock sales made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with these sales, meaning they are not identified as being made under a pre-arranged trading plan.
How are Paul W. Chung’s indirect TRGP holdings structured?
Some indirect holdings are through an IRA, and others are held by the Paul Chung 2008 Family Trust, where he is trustee, and the Helen Chung 2007 Family Trust, where his spouse and sister-in-law serve as co-trustees.
AI-generated analysis. How Rhea-AI works. Not financial advice.
