Form 4: Targa Resources Director Gifts Shares

Targa Resources Corp. Director Charles R. Crisp reported gifting 2,000 shares of common stock, reducing his direct beneficial ownership to 78,923 shares.

Summary

• Charles R. Crisp, a Director of Targa Resources Corp. (TRGP), filed a Form 4 to report a change in beneficial ownership.
• On November 12, 2025, Crisp disposed of 2,000 shares of Targa Resources Corp. common stock.
• The transaction was coded as a 'G', indicating a gift, with a reported price of $0 per share.
• Following this transaction, Crisp directly beneficially owns 78,923 shares of Targa Resources Corp. common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up pre-arranged trading plans.

Sentiment

Score: 5

Explanation: The filing reports a director's gift of shares, which is a personal transaction and does not directly reflect on the company's operational or financial performance. It is a neutral event for company sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction by a director and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in direct insider ownership, which is generally considered to have a minimal impact on shareholder sentiment or the company's stock price.

Key Dates

Keywords

Targa Resources, TRGP, Form 4, insider transaction, stock ownership, director, Charles R. Crisp, gift, beneficial ownership