Paul W. Chung, a director at Targa Resources Corp. (NYSE:TRGP), filed a Form 4 on September 3, 2026, disclosing the sale of 1,816 shares of common stock on September 1, 2026, through IRA accounts.

Key Highlights

  • First sale: 1,000 shares were sold on September 1, 2026, at a weighted average price of $295.381, with individual transaction prices ranging from $295.05 to $295.73.
  • Second sale: 816 shares were sold on September 1, 2026, at $297 per share.
  • Both transactions: Were disposals (code S) from IRA accounts held indirectly by Chung.
  • Post-transaction ownership: Chung beneficially owns 30,479 shares directly and 44,000 shares indirectly through IRAs following the reported transactions, plus additional indirect holdings.
  • Family trust holdings: 232,827 shares are held by the Paul Chung 2008 Family Trust, of which Chung serves as trustee, and 200,500 shares are held by the Helen Chung 2007 Family Trust.

Paul Chung's Share Sales and Beneficial Ownership at Targa Resources

According to the filing, Paul W. Chung, identified as a director of Targa Resources Corp. (NYSE:TRGP), reported two open-market sales of common stock on September 1, 2026. The first transaction involved 1,000 shares sold at a weighted average price of $295.381. The filing notes that these shares were sold in multiple transactions at prices ranging from $295.05 to $295.73, and that full information on shares sold at each separate price is available upon request. The second transaction involved 816 shares sold at $297 per share.

Both sales were made from IRA accounts held indirectly by Chung, designated with transaction code S in the filing. Following these disposals, the filing reports that Chung holds 44,000 shares indirectly through IRA accounts and 30,479 shares directly. The filing also discloses two additional indirect holdings: 232,827 shares held by the Paul Chung 2008 Family Trust, of which Chung serves as trustee, and 200,500 shares held by the Helen Chung 2007 Family Trust, of which, according to the filing, "Mr. Chung's spouse and Mr. Chung's sister-in-law serve as co-trustees."

The Form 4 was signed by Paul W. Chung and filed on September 3, 2026, covering the earliest transaction date of September 1, 2026. The filing was made by one reporting person and is not listed as an amendment to a prior filing.

What Was Disclosed

The filing discloses that Targa Resources director Paul W. Chung sold a combined 1,816 shares of common stock from IRA accounts on September 1, 2026, and reports his resulting direct and indirect beneficial ownership positions, including shares held through two family trusts.