BELLINGS

Targa grants new CFO hefty long-term incentive

The natural gas company will provide company insider Ben Branstetter with a long-term incentive award of 400% of his base pay, set at $600,000, Targa said Tuesday.

The natural gas company will provide company insider Ben Branstetter with a long-term incentive award of 400% of his base pay, set at $600,000, Targa said Tuesday.

BELLINGS Intelligence Score: 7

Why it matters

The grant of a large long-term incentive to a new CFO is routine corporate governance and compensation news with limited direct impact on credit markets or lending conditions.

Sources