Targa Resources (NYSE: TRGP) director makes 1,000-share gift
Rhea-AI Filing Summary
Targa Resources Corp. (TRGP) director Paul W. Chung reported a bona fide gift of 1,000 shares of common stock on 2026-08-20, classified as a disposition. After this gift, he directly holds 30,479 TRGP common shares. He also reports additional indirect holdings, including shares held through the Paul Chung 2008 Family Trust and the Helen Chung 2007 Family Trust, as well as 45,816 shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares
Net Sell
4 txns
Insider
Chung Paul W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,000 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,479 shares (Direct);
Common Stock — 433,327 shares (Indirect, See Footnote);
Common Stock — 45,816 shares (Indirect, By IRA)
Footnotes (2)
- F1. These shares are held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee.
- F2. 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
Gifted shares: 1,000 shares of Common Stock
Transaction price per share: $0.00 per share
Direct holdings after transaction: 30,479 shares of Common Stock
+2 more
5 metrics
Gifted shares
1,000 shares of Common Stock
Bona fide gift by Paul W. Chung on 2026-08-20
Transaction price per share
$0.00 per share
Recorded price for the gifted 1,000 shares
Direct holdings after transaction
30,479 shares of Common Stock
Direct ownership by Paul W. Chung following the gift
Indirect holdings by IRA
45,816 shares of Common Stock
Indirect ownership reported as held by IRA
Gift transactions count
1 gift
Number of bona fide gift transactions in this Form 4
Key Terms
Bona fide gift, Indirect ownership, IRA, Form 4
4 terms
Bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Indirect ownership financial
"ownership_type": "indirect" for certain share holdings"
IRA financial
"nature_of_ownership": "By IRA" for indirect holdings"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
FAQ
What insider transaction did TRGP director Paul W. Chung report?
Paul W. Chung reported a bona fide gift of 1,000 shares of Targa Resources Corp. common stock on 2026-08-20. The transaction was coded as a gift (Code G) and recorded with a per-share transaction price of $0.00.
Was the TRGP Form 4 transaction by Paul W. Chung a market sale or purchase?
No. The Form 4 reports a bona fide gift of 1,000 shares of Targa Resources Corp. common stock. It is not a market sale or purchase, and the recorded transaction price per share is $0.00.
Does the Form 4 for TRGP indicate a Rule 10b5-1 trading plan for this transaction?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), so the reported gift transaction is not identified as made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
