Form 4: Targa Resources EVP Sells Shares, Gifts Others
Insider Transaction Report
Targa Resources Corp.'s Executive Vice President, Gerald R. Shrader, reported the sale of 2,750 common shares and the gift of 1,150 common shares on December 5, 2025.
Summary
- Gerald R. Shrader, Executive Vice President, General Counsel and Secretary of Targa Resources Corp. (TRGP), reported transactions involving common stock.
- On December 5, 2025, Mr. Shrader sold 2,750 shares of common stock at a weighted average price of $181.21 per share.
- The sale was executed in multiple transactions with prices ranging from $181.202 to $181.24.
- Also on December 5, 2025, Mr. Shrader gifted 1,150 shares of common stock at a price of $0.
- Following these transactions, Mr. Shrader directly beneficially owns 28,411 shares of Targa Resources Corp. common stock.
- The reported sale was made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The filing is a standard Form 4 reporting insider transactions, which are generally neutral in sentiment unless they represent a significant portion of holdings or are made under unusual circumstances. The transactions reported here appear routine.
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 details routine insider transactions and does not provide information directly related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The reported sale of common stock was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities. | 12/05/2025 | Indicates pre-planned, automated trading activity by an insider, which can mitigate concerns about opportunistic trading based on material non-public information. |
Stakeholder Impact
- Shareholders: The sale of 2,750 shares by an Executive Vice President, while not a large percentage of the company's total outstanding shares, represents a reduction in insider ownership. The gift of 1,150 shares also reduces direct beneficial ownership. These are routine insider transactions and are unlikely to have a significant impact on the broader shareholder base.
Key Dates
| Date | Description |
|---|---|
| 12/05/2025 | Date of reported transactions (sale and gift of common stock). |
| 12/09/2025 | Date the Form 4 was signed by Gerald R. Shrader. |
Keywords
Targa Resources, TRGP, Insider Trading, Form 4, Stock Sale, Stock Gift, Executive Compensation, 10b5-1 Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.