Targa Resources CCO granted 20,000 shares

Targa Resources Corp. (TRGP) reported a Form 4 insider transaction for its Chief Commercial Officer, identified as the reporting person.

Rhea-AI Filing Summary

Targa Resources Corp. (TRGP) reported a Form 4 insider transaction for its Chief Commercial Officer, identified as the reporting person. On 2026-08-18, this officer received a grant/award of 20,000 shares of Common Stock, recorded at $0.00 per share, as a direct acquisition. Following this award, the officer directly holds 217,401 shares of Targa Resources Corp. common stock.

Insider Trade Summary

Grant/Award: 20,000 shares

Grant/Award 1 txn

Insider Muraro Robert

Role Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 217,401 shares (Direct)

Key Figures

Shares granted: 20,000 shares of Common Stock Price per share: $0.00 per share Shares owned after transaction: 217,401 shares

3 metrics

Shares granted 20,000 shares of Common Stock Grant/award acquisition on 2026-08-18 reported on Form 4

Price per share $0.00 per share Reported price for the 20,000-share grant/award transaction

Shares owned after transaction 217,401 shares Directly held by the Chief Commercial Officer following the 20,000-share award

Key Terms

Grant, award, or other acquisition, transaction code, Common Stock

3 terms

Grant, award, or other acquisition financial

"Transaction code description is “Grant, award, or other acquisition”"

transaction code financial

"The filing uses transaction code “A” for the award event"

Common Stock financial

"The security title for the insider transaction is Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did TRGP report for its Chief Commercial Officer?

TRGP reported that its Chief Commercial Officer received a grant/award of 20,000 shares of Common Stock on 2026-08-18. The transaction was coded as a grant, award, or other acquisition and is classified as a direct ownership position.

How many TRGP shares does the reporting officer hold after this transaction?

After the reported transaction, the Chief Commercial Officer directly holds 217,401 shares of Targa Resources Corp. Common Stock. This figure reflects the position following the grant/award of 20,000 shares reported on 2026-08-18.

Was the TRGP insider transaction a purchase or a grant?

The TRGP insider transaction was a grant/award acquisition, not an open-market purchase. It is reported with transaction code “A,” described as a grant, award, or other acquisition of 20,000 shares of Common Stock at $0.00 per share.

What price per share was reported for the 20,000 TRGP shares granted?

The 20,000-share grant to the Chief Commercial Officer of Targa Resources Corp. was reported at a price of $0.00 per share, consistent with typical equity awards that do not involve a cash payment by the insider.

Is the TRGP insider transaction associated with a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no indication that this grant/award transaction for 20,000 shares of TRGP Common Stock was effected under a Rule 10b5-1 trading plan.

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

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Accepted by SEC EDGAR 08/20/2026 - 04:30 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Muraro Robert

(Last) (First) (Middle)

811 LOUISIANA, SUITE 2100

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Commercial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026

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

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

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

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	08/18/2026		A		20,000	A	$0	217,401	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:

	/s/ Robert M. Muraro	08/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)