TRGP Form 4: D. Scott Pryor reports 20K share sale

Rhea-AI Filing Summary

Targa Resources Corp. (TRGP) executive D. Scott Pryor, President – Logistics and Transportation, reported transactions in company common stock. On 11/14/2025, he sold 20,000 shares at a weighted average price of $172.2075 per share, executed through multiple trades within a price range of $172.06 to $172.35. The filing notes that detailed trade-by-trade pricing is available upon request.

Also on 11/14/2025, a separate transaction coded as a gift or transfer involved 2,139 shares at a reported price of $0. After these transactions, Pryor reported 20,000 shares held indirectly through the Pryor Trust, where he and Marcy Gaye Pryor serve as co-trustees, and 33,420 shares held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pryor D. Scott

(Last) (First) (Middle)

811 LOUISIANA, SUITE 2100

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Targa Resources Corp. [ TRGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/14/2025		S		20,000	D	$172.2075(1)	22,139	I	See Footnote(2)
Common Stock	11/14/2025		G		2,139	D	$0	20,000	I	See Footnote(2)
Common Stock								33,420	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.06 to $172.35, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

2. These shares are owned by the Pryor Trust, of which D. Scott Pryor and Marcy Gaye Pryor serve as co-trustees.

Remarks:

President - Logistics and Transportation

	/s/ D. Scott Pryor	11/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Targa Resources (TRGP) report for D. Scott Pryor?

The Form 4 shows that D. Scott Pryor, President – Logistics and Transportation of Targa Resources Corp. (TRGP), reported a sale of 20,000 shares of common stock and a separate transfer of 2,139 shares on 11/14/2025.

At what price were the 20,000 TRGP shares sold by the insider?

The 20,000 shares of Targa Resources common stock were sold at a weighted average price of $172.2075 per share, with individual trades occurring in a range from $172.06 to $172.35.

How many Targa Resources (TRGP) shares does D. Scott Pryor report owning after the transactions?

Following the reported transactions, D. Scott Pryor reported owning 20,000 shares indirectly through the Pryor Trust and 33,420 shares directly.

What is the nature of the 2,139-share transaction in the TRGP Form 4?

The Form 4 lists a transaction on 11/14/2025 coded "G" for 2,139 shares of common stock at a price of $0, which indicates a gift or similar transfer rather than an on-market sale.

How are the indirectly owned TRGP shares held for D. Scott Pryor?

The filing states that the indirectly owned shares are held by the Pryor Trust, for which D. Scott Pryor and Marcy Gaye Pryor serve as co-trustees.

What pricing details does the insider offer to provide about the TRGP share sale?

The explanation notes that the $172.2075 price is a weighted average and that the reporting person will provide full information about the number of shares sold at each separate price between $172.06 and $172.35 upon request.

What role does D. Scott Pryor hold at Targa Resources (TRGP)?

The remarks section identifies D. Scott Pryor as President - Logistics and Transportation at Targa Resources Corp.