TRGPTarga Resources
Deals with insiders in the proxy filed 2026-03-26
Deals between TRGP and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-28.
Transactions with Related Persons“William A. Byers, our Chief Financial Officer, has an immediate family member who is an officer of Flowco Holdings Inc. (including its affiliates, "Flowco"). During 2025, we made purchases from Flowco of $487,279.”
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The whole section
7 paragraphs quoted as filed
Indemnification Agreements with Directors and Officers“We have entered into indemnification agreements with each of our directors and officers. Each indemnification agreement provides that we will indemnify and hold harmless each indemnitee for Expenses (as defined in the indemnification agreement) to the fullest extent permitted or authorized by law, including the Delaware General Corporation Law, in effect on the date of the agreement or as it may be amended to provide more advantageous rights to the indemnitee. If such indemnification is unavailable as a result of a court decision and if we and the indemnitee are jointly liable in the proceeding, we will contribute funds to the indemnitee for his or her Expenses in proportion to relative benefit and fault of us and indemnitee in the transaction giving rise to the proceeding.”
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Indemnification Agreements with Directors and Officers“Each indemnification agreement also provides that we will indemnify the indemnitee for monetary damages for actions taken as our director or officer or for serving at our request as a director or officer or another position at another corporation or enterprise, as the case may be but only if (i) the indemnitee acted in good faith and, in the case of conduct in his or her official capacity, in a manner he or she reasonably believed to be in our best interests and, in all other cases, not opposed to our best interests and (ii) in the case of a criminal proceeding, the indemnitee must have had no reasonable cause to believe that his or her conduct was unlawful. The indemnification agreement also provides that we must advance payment of certain Expenses to the indemnitee, including fees of counsel, subject to receipt of an undertaking from the indemnitee to return such advance if it is ultimately determined that the indemnitee is not entitled to indemnification.”
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Transactions with Related Persons“Jennifer R. Kneale, our President, has an immediate family member who served as an officer of Intercontinental Exchange, Inc. (including its affiliates, the “ICE Group”) until their retirement in February 2026. During 2025, we made purchases from ICE Group of $949,679.”
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Transactions with Related Persons“These transactions were at market prices consistent with similar transactions with other nonaffiliated entities.”
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Transactions with Related Persons“William A. Byers, our Chief Financial Officer, has an immediate family member who is an officer of Flowco Holdings Inc. (including its affiliates, "Flowco"). During 2025, we made purchases from Flowco of $487,279.”
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Transactions with Related Persons“These transactions were at market prices consistent with similar transactions with other nonaffiliated entities.”
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Review, Approval or Ratification of Transactions with Related Persons“Our policies and procedures for approval or ratification of transactions with “related persons” are contained in our Audit Committee Charter which provides that the Audit Committee will review, approve or ratify, as necessary, related party transactions that are reportable under Item 404(a) of Regulation S-K unless such related party transaction is reviewed, approved or ratified by another independent body of the Board. Any transaction to which we were, or are proposed to be, a party that involves an amount exceeding $120,000, and in which a director or executive officer (or such person’s immediate family member) has a material interest (a “related party transaction”) would be subject to this approval requirement. We expect that the Audit Committee would consider, among other things, the nature, size and terms of the transaction, the extent of the interest of the related party in the proposed transaction and the existing relationship of the parties to the proposed transaction. We distribute and review a questionnaire to our executive officers and directors requesting information regarding, among other things, certain transactions with us in which they or their family members have an interest. Pursuant to our Code of Conduct, our officers and directors are required to avoid any activity or interest that creates a conflict of interest between them and us or any of our subsidiaries, unless the conflict is disclosed and pre-approved by our Board of Directors.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗