Insider Cluster (3 insiders) ·Filed Sep 3, 2026

TRGP

Targa Resources Corp.
NEUTRAL
Impact 2/10
Horizonimmediate Processed28d 8h ago
Insider cluster: 2 insiders, $1.1M total
Actionable Insight • Neutral

No actionable signal from this cluster. Director-level sales at these trivial dollar amounts are routine liquidity or diversification trades. Monitor for any C-suite selling or a material increase in dollar volume before reading bearish intent.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+5d
TRGP ▼ -1.12% at T+5d
NEUTRAL call ✗ call lost -1.12% · α vs SPY +0.03% · entry $293.54 → $290.25
Next anchor: T+20d due yesterday
Latest observation: T+17 -16.26% FF3 residual α
Entry anchored
Sep 2, 04:33 PM ET
via 1-min bar
T+1d
-1.19%
call -1.19% · α -0.80%
$290.05
settled 29d ago
T+5d
-1.12%
call -1.12% · α +0.03%
$290.25
settled 22d ago
T+20d
—
call — · α —
—
due yesterday
T+60d
—
call — · α —
—
in 8w

Price Chart

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Executive Summary

Two TRGP directors sold a combined $1.11M in open-market sales over a 7-day window, with Charles R. Crisp selling $871K and Paul W. Chung selling $537K. At a $62.9B market cap, these sales represent ~0.002% of market cap — a trivial amount that is routine and non-informative. A separate non-cash grant of 10,000 shares to an officer has no economic impact.

Key Financial Metrics

Direction
selling
Total Value
$1.1M
Insiders
3

Key Facts

  • Director Charles R. Crisp sold 3,000 shares at $290.23 for $871K on 2026-08-25.
  • Director Paul W. Chung sold 1,816 shares total ($537K) on 2026-09-01.
  • Total open-market sales of $1.11M represent ~0.002% of TRGP's $62.9B market cap.
  • Officer Brent B. Secrest received a non-cash grant of 10,000 shares ($0 value).
  • No C-suite executives (CEO/CFO) participated in any sales.
  • Recent 30-day insider activity shows 8 sells totaling $2.0M — consistent with routine director-level portfolio adjustments.

Financial Impact

Total insider sales of $1.11M are immaterial relative to $62.9B market cap (0.002%).

Risk Factors

  • Insider sales are not predictive of near-term stock movement at this scale.
  • Historical calibration shows TRGP reports have a 29% win rate at T+20, suggesting limited predictive power from filing analysis on this ticker.

Market Snapshot

Exchange
NYSE
Sector
Natural Gas Transmission
Analyst Consensus
84% bullish (31 analysts)

Investment Themes

Traditional Energy

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-TRGP-1788505883397
13 reports for TRGP
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for TRGP — sortable, filterable
TypeNow
Sep 3, 2026
29d ago
Insider Cluster
NEUTRAL ★ 2/10
$293.54 $290.25▼ −1.12%▲ +0.03%$277.10 (−5.60%)
Aug 26, 2026
5w ago
144
NEUTRAL ★ 2/10
$294.03 $293.46▼ −0.19%▼ −0.07%$277.10 (−5.76%)
Aug 26, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$294.03 $293.46▼ −0.19%▼ −0.07%$277.10 (−5.76%)
Aug 25, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$286.91 $296.06▲ +3.19%▲ +3.73%$277.10 (−3.42%)
Jul 17, 2026
11w ago
8-K
NEUTRAL ★ 2/10
$282.91 $285.58▲ +0.94%▲ +1.63%$277.10 (−2.05%)
Jul 16, 2026
11w ago
Press Release
NEUTRAL ★ 2/10
$282.91 $285.58▲ +0.94%▲ +1.63%$277.10 (−2.05%)
May 7, 2026
21w ago
8-K
MIXED ★ 6/10
$251.51 $263.29▲ +4.69%▲ +3.18%$277.10 (+10.18%)
Apr 16, 2026
24w ago
Press Release
NEUTRAL ★ 3/10
$235.27 $240.69▲ +2.31%▲ +1.75%$277.10 (+17.78%)
Mar 26, 2026
27w ago
DEFA14A
NEUTRAL ★ 2/10
$250.13 $245.57▼ −1.82%▼ −5.69%$277.10 (+10.78%)
Feb 26, 2026
31w ago
Insider Cluster
BEARISH ★ 7/10
$230.95 $238.81▼ −3.40%▼ −4.53%$277.10 (−19.99%)
Showing 10 of 13

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Report published Sep 4, 2026