Insider trade

Officer sold ~$498K of TRGP shares in the open market

Traded Dec 5, 2025 · Filed Dec 9, 2025

Targa ResourcesTRGP

~$498K
Reported value · 2,750 sh @ $181.21: 30K
Holds after · shares reported: +59.0%
stock since the trade · S&P 500 +13.0%, $180.74 → $287.40 on Oct 5

Why it stands out

Targa Resources's See Remarks sold $498K of Targa Resources shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Dec 5, 2025
Reporting period: Not applicable
Filed with the SEC: Dec 9, 2025

Officer$100K–$500K

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$498,328

Shares × reported transaction price

Timing vs results

30 days after results of Nov 5, 2025, 76 days before results of Feb 19, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $180.74 on Dec 5, 2025, 24% above its 52-week low and 17% below its high, after a 15% rise over the previous 30 trading days

52-week range $146.30 (Oct 16, 2025) to $217.22 (Jan 21, 2025), 49% of the way up, from 250 adjusted closes. 30 trading days earlier: $156.80 on Oct 23, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	−0.6%	−2.4%	+1.8%
30 days	−3.6%	+0.9%	−4.6%
90 days	+26.7%	−1.5%	+28.2%
180 days	+44.0%	+7.5%	+36.5%

Past results only. Not a forecast.

Source receipt

Record ID: 0001193125-25-312815
Filed / recorded: Dec 9, 2025, 9:30 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Targa Resources Corp.
Issuer CIK: 1389170
Ticker: TRGP
Reporting person: Gerald R Shrader
Relationship: Officer
Officer title: See Remarks
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Dec 5, 2025
Transaction code: S
Shares / units: 2,750
Price per share: $181.21
Acquired / disposed: Disposed (D)
Shares owned after: 29,561
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.202 to $181.24, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.