The sales are relatively small compared to market cap and appear to be routine post-vesting dispositions or tax-related actions rather than a signal of fundamental concern. Traders should monitor for continued selling in next 30 days and upcoming earnings for context.
Price Chart
Executive Summary
Multiple insiders at Targa Resources Corp. (TRGP) sold shares in the past week, including a significant open-market sale of $7.28M by Patrick J. McDonie. Total open-market sales amounted to $8.14M, representing 0.015% of the company's $52.5B market cap. The transactions include non-cash events such as tax withholding and a gift, which do not reflect economic disposition.
Key Financial Metrics
Key Facts
- Patrick J. McDonie sold 30,421 shares at $239.33 for $7,280,719 in open-market transaction.
- Benjamin James Branstetter sold 3,158 shares at $238.83 for $754,225 and surrendered 3,542 shares for tax withholding worth $835,204.
- Lindsey Cooksen sold 435 shares at $231.72 for $100,797.
- D. Scott Pryor gifted 12,104 shares (non-cash, $0 value).
- Total open-market sales: $8.14M (0.015% of $52.5B market cap).
- All transactions occurred within a 7-day window, indicating coordinated timing likely related to vesting or tax events.
Financial Impact
$8.14M in open-market sales and $835K in tax-related share surrender over 7 days
Risk Factors
- Perception of insider selling could weigh on sentiment if misinterpreted as lack of confidence.
- Concentration of selling among executives may warrant closer scrutiny if repeated.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (5 trades, 7d window) | cluster-TRGP-1772659873728 |
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% | $277.28 (−5.54%) |
Aug 26, 2026 5w ago | 144 | $294.03 $293.46 | ▼ −0.19% | ▼ −0.07% | $277.28 (−5.70%) |
Aug 26, 2026 5w ago | Insider Cluster | $294.03 $293.46 | ▼ −0.19% | ▼ −0.07% | $277.28 (−5.70%) |
Aug 25, 2026 5w ago | 8-K | $286.91 $296.06 | ▲ +3.19% | ▲ +3.73% | $277.28 (−3.36%) |
Jul 17, 2026 11w ago | 8-K | $282.91 $285.58 | ▲ +0.94% | ▲ +1.63% | $277.28 (−1.99%) |
Jul 16, 2026 11w ago | Press Release | $282.91 $285.58 | ▲ +0.94% | ▲ +1.63% | $277.28 (−1.99%) |
May 7, 2026 21w ago | 8-K | $251.51 $263.29 | ▲ +4.69% | ▲ +3.18% | $277.28 (+10.25%) |
Apr 16, 2026 24w ago | Press Release | $235.27 $240.69 | ▲ +2.31% | ▲ +1.75% | $277.28 (+17.86%) |
Mar 26, 2026 27w ago | DEFA14A | $250.13 $245.57 | ▼ −1.82% | ▼ −5.69% | $277.28 (+10.86%) |
Feb 26, 2026 31w ago | Insider Cluster | $230.95 $238.81 | ▼ −3.40% | ▼ −4.53% | $277.28 (−20.06%) |
US Market Status
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