Charles R Crisp

Director Charles R Crisp sold 10,602 shares of TRGP for $2.7M; stock near 52-week highs after recent gains.

Director Charles R Crisp sold roughly 14% of his stake in Targa Resources while the stock trades near its 52-week high and has rallied significantly over recent months. This is his third open-market sale at TRGP in the past three years, continuing a pattern of consistent share dispositions. However, the near-term timing context suggests caution: his most recent prior sale at this ticker saw the stock rise afterward, indicating that past exits have not been well-timed. The company remains fundamentally sound—it is profitable with steady revenue growth and trades at a moderate valuation—but Crisp's exit at elevated prices, following a strong recent run, is worth monitoring as a potential signal of selective position reduction among the board.

Director Charles Crisp sold 6,000 TRGP shares at $190.68; stock near 52-week high ($194.96), up 17.2% in 30 days.

Director Charles R Crisp sold 6,000 shares of Targa Resources at $190.68 on 2024-11-08, reducing his holdings from 87,971 to 81,971 shares. The transaction occurred when TRGP was trading near its 52-week high of $194.96, with the stock up 17.2% over the preceding 30 days and up 38.6% over 90 days. Crisp's prior sell of TRGP shares on 2024-02-21 was followed by 90-day returns of +21.2%, indicating his prior exit from this ticker was poorly timed (stock rose after the sale). The company's annual revenue declined 23.3% year-over-year and trades at a P/E of 33.62, reflecting elevated valuation despite the recent rally. The sale represents a modest 6.8% reduction of his pre-transaction holdings.