Targa Resources (TRGP) officer sells 31,537 shares in open market

Rhea-AI Filing Summary

Targa Resources Corp. officer Patrick J. McDonie reported selling a total of 31,537 shares of common stock in two open-market transactions on March 2, 2026. The sales were made at weighted average prices of $239.332 and $240.2542 per share. After these transactions, McDonie directly owned 305,163 shares of Targa Resources common stock.

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^*

McDonie Patrick J.

(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)
03/02/2026

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	03/02/2026		S		30,421	D	$239.332(1)	306,279	D
Common Stock	03/02/2026		S		1,116	D	$240.2542(2)	305,163	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 $239.041 to $240.00, 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 ranges set forth in footnotes (1) and (2) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $240.08 to $240.37, inclusive.

Remarks:

President - Gathering and Processing

	/s/ Patrick J. McDonie	03/04/2026
	** 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.

FAQ

What insider transaction did Targa Resources Corp. (TRGP) report for Patrick J. McDonie?

Targa Resources reported that officer Patrick J. McDonie sold a total of 31,537 shares of common stock in open-market transactions. These trades were executed on March 2, 2026 and were disclosed on a Form 4 insider filing.

At what prices did Patrick J. McDonie sell Targa Resources (TRGP) shares?

Patrick J. McDonie’s Targa Resources share sales used weighted average prices of $239.332 and $240.2542 per share. Footnotes state the shares were sold in multiple transactions within price ranges around these averages on March 2, 2026.

How many Targa Resources (TRGP) shares did Patrick J. McDonie sell in each transaction?

Patrick J. McDonie sold 30,421 shares in one open-market transaction at a weighted average price of $239.332 and 1,116 shares in a second trade at a weighted average price of $240.2542, for a combined total of 31,537 shares.

How many Targa Resources (TRGP) shares does Patrick J. McDonie own after the reported sales?

Following the reported open-market sales, Patrick J. McDonie directly owns 305,163 shares of Targa Resources common stock. The Form 4 notes his share balances after each transaction, ending at this direct ownership figure.

What does the Form 4 say about how the Targa Resources (TRGP) sale prices were calculated?

The Form 4 footnotes explain that the prices in Column 4 are weighted average prices. Shares were sold in multiple trades within stated price ranges, and full trade-by-trade pricing details are available from Targa Resources or the reporting person upon request.

Was the Targa Resources (TRGP) insider transaction a buy or a sell?

The Form 4 shows that Patrick J. McDonie executed open-market sales of Targa Resources common stock. The transactions are coded “S,” indicating sales, and the normalized direction field classifies them as sell transactions rather than purchases.