[144] Targa Resources Corp. SEC Filing

Rhea-AI Filing Summary

Targa Resources Corp. (TRGP) Form 144 reports a proposed sale of 20,000 common shares. The shares were received as incentive compensation from the issuer on 01/20/2025. The seller lists Raymond James & Associates (St. Petersburg, FL) as the broker and sets the approximate sale date as 08/15/2025 on the NYSE. The filing reports an aggregate market value of $3,307,038.05 for the shares and states 215,191,852 shares outstanding. The filer indicates no securities sold during the past three months. The notice includes the standard representation that the seller has no undisclosed material adverse information about the issuer.

Insights

Securities Compliance Analyst

TL;DR: Routine insider sale notice for incentive shares; procedural disclosure, not a standalone earnings or operational event.

The Form 144 documents a proposed sale of 20,000 common shares received as incentive compensation on 01/20/2025, to be executed through Raymond James around 08/15/2025 on the NYSE. The filing states the aggregate market value and the issuer's outstanding share count, and reports no sales in the prior three months. From a compliance perspective this satisfies required notice elements under Rule 144: identity of broker, acquisition details, and the seller's representation concerning material nonpublic information. The filing by itself contains no operational or financial performance data and therefore has limited standalone investment impact.

Corporate Governance Specialist

TL;DR: Disclosure is a routine insider liquidity event tied to compensation; materiality to shareholders appears low based on the filing alone.

The notice confirms the shares were acquired as incentive compensation from the issuer and sets a future approximate sale date. It discloses no prior three-month sales and includes the standard attestation about undisclosed material information. This is a standard governance disclosure showing an insider's intent to liquidate awarded shares; absent additional context on ongoing insider selling or company fundamentals, the filing is procedural and not indicative of broader governance issues.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	Raymond James & Associates 880 Carillon Parkway St. Petersburg FL 33716	20000	3307038.05	215191852	08/15/2025	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	01/20/2025	Incentive Compensation	Issuer			20000	01/20/2025	N/A

* 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

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)