This is a minor, non-disruptive insider sale by a director holding shares since the IPO in 2011. The amount ($1.67M) is immaterial relative to the company's size. Traders should not read directional signal into this filing; it is consistent with routine portfolio diversification. Monitor the Form 4 filing for actual execution.
Price Chart
Executive Summary
Paul W. Chung, a director of Targa Resources, filed a Form 144 notice of intent to sell 5,816 shares of common stock with an approximate market value of $1.67M based on the filing date price. This is a relatively small disposition relative to Chung's likely total holdings and the company's $61.5B market cap, and the sale is planned as a routine cash transaction through Charles Schwab. The filing signals potential near-term insider selling but is not material enough to change the fundamental outlook for the stock.
Key Facts
- Insider: Paul W. Chung, Director of Targa Resources Corp.
- Security: Common stock, 5,816 shares
- Estimated value: $1,668,668.56 based on $286.86/share (implied from value / share count)
- Broker: Charles Schwab Corp.
- Sale method: Cash transaction on NYSE
- Shares acquired: 5,816 shares on 06/06/2011 via IPO, held for over 15 years
- Filing date: August 26, 2026
- Market cap of issuer: ~$61.5B
Financial Impact
Proposed sale of ~$1.67M in TRGP common stock, representing a tiny fraction of the $61.5B market cap and likely a small portion of the director's total holdings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001949846-26-000544 |
| Document: 0001949846-26-000544-index.html | 0001949846-26-000544 |
| Document: 0001949846-26-000544.txt | 0001949846-26-000544 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | Insider Cluster | $293.54 $290.25 | ▼ −1.12% | ▲ +0.03% | $277.10 (−5.60%) |
Aug 26, 2026 5w ago | 144 | $294.03 $293.46 | ▼ −0.19% | ▼ −0.07% | $277.10 (−5.76%) |
Aug 26, 2026 5w ago | Insider Cluster | $294.03 $293.46 | ▼ −0.19% | ▼ −0.07% | $277.10 (−5.76%) |
Aug 25, 2026 5w ago | 8-K | $286.91 $296.06 | ▲ +3.19% | ▲ +3.73% | $277.10 (−3.42%) |
Jul 17, 2026 11w ago | 8-K | $282.91 $285.58 | ▲ +0.94% | ▲ +1.63% | $277.10 (−2.05%) |
Jul 16, 2026 11w ago | Press Release | $282.91 $285.58 | ▲ +0.94% | ▲ +1.63% | $277.10 (−2.05%) |
May 7, 2026 21w ago | 8-K | $251.51 $263.29 | ▲ +4.69% | ▲ +3.18% | $277.10 (+10.18%) |
Apr 16, 2026 24w ago | Press Release | $235.27 $240.69 | ▲ +2.31% | ▲ +1.75% | $277.10 (+17.78%) |
Mar 26, 2026 27w ago | DEFA14A | $250.13 $245.57 | ▼ −1.82% | ▼ −5.69% | $277.10 (+10.78%) |
Feb 26, 2026 31w ago | Insider Cluster | $230.95 $238.81 | ▼ −3.40% | ▼ −4.53% | $277.10 (−19.99%) |
US Market Status
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