Targa director trust plans $725K TRGP share sale

Targa Resources Corp. (TRGP) director Waters S. Davis, through the Waters Davis Legacy Trust, has filed a notice to sell 2,400 shares of TRGP common stock under Rule 144.

Rhea-AI Filing Summary

Targa Resources Corp. (TRGP) director Waters S. Davis, through the Waters Davis Legacy Trust, has filed a notice to sell 2,400 shares of TRGP common stock under Rule 144. The planned sale, routed through Fidelity Brokerage Services LLC on the NYSE, has an indicated aggregate market value of $725,400 as of the notice.

Key Figures

Shares to be sold: 2,400 shares Aggregate market value: $725,400.00 Shares outstanding: 214,422,392 shares +3 more

6 metrics

Shares to be sold 2,400 shares Number of TRGP common shares covered by this Form 144 notice

Aggregate market value $725,400.00 Aggregate market value of 2,400 TRGP shares to be sold

Shares outstanding 214,422,392 shares TRGP common shares outstanding referenced in the Form 144

Stock award 2024 2,243 shares TRGP stock award dated 01/19/2024 listed as compensation

Stock award 2022 5,099 shares TRGP stock award dated 01/19/2022 listed as compensation

Date of notice 08/20/2026 Date the Form 144 notice was signed and dated

Key Terms

Rule 144, aggregate market value, stock award, attorney-in-fact

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"2400 | 725400.00 | 214422392 | 08/20/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

stock award financial

"Common | 01/19/2024 | Stock Award | Targa Resources corp"

attorney-in-fact regulatory

"as attorney-in-fact for Waters S Davis"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for TRGP?

The filing discloses that a trust associated with Targa Resources Corp. (TRGP) director Waters S. Davis has filed to sell 2,400 shares of TRGP common stock under Rule 144, with an indicated aggregate market value of $725,400 and an approximate sale date of 08/20/2026.

Who is selling Targa Resources Corp. (TRGP) shares in this Form 144?

The seller is the Waters Davis Legacy Trust U/A 12/28/21 for the account of Waters S. Davis, a director of Targa Resources Corp. Fidelity Brokerage Services LLC is listed as the broker handling the planned sale of the shares.

How many TRGP shares are planned to be sold and at what value?

The notice reports an intention to sell 2,400 shares of Targa Resources Corp. common stock, with an indicated aggregate market value of $725,400. These figures are provided in the securities information section of the Form 144 filing.

When is the approximate sale date for the TRGP shares in this Form 144?

The approximate sale date listed for the Targa Resources Corp. shares is 08/20/2026. This date appears in the securities information section alongside the number of shares to be sold and the aggregate market value.

What is the source of the TRGP shares being sold under this Form 144?

The shares to be sold come from stock awards granted as compensation by Targa Resources Corp., including awards dated 01/19/2024 for 2,243 shares and 01/19/2022 for 5,099 shares, as described in the securities-to-be-sold section.

On which exchange are the TRGP shares expected to be sold?

The Form 144 states that the Targa Resources Corp. common shares are expected to be sold on the NYSE. Fidelity Brokerage Services LLC is identified as the broker for executing the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/20/2026 - 04:31 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001645344
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Targa Resources Corp.
SEC File Number	001-34991
Address of Issuer	811 LOUISIANA STREET SUITE 2100 HOUSTON TEXAS 77002
Phone	713-584-1000
Name of Person for Whose Account the Securities are To Be Sold	Davis Waters S IV
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 245 Summer Street Boston MA 02110	2400	725400.00	214422392	08/20/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/19/2024	Stock Award	Targa Resources corp			2243	01/19/2024	Compensation
Common	01/19/2022	Stock Award	Targa Resources corp			5099	01/19/2022	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	shares are being sold from WATERS DAVIS LEGACY TRUST U/A 12/28/21
Date of Notice	08/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Audrey Skillern, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Waters S Davis IV
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)