Targa Resources (NYSE: TRGP) insider sells shares and covers taxes

Rhea-AI Filing Summary

Targa Resources Corp. officer Benjamin James Branstetter reported multiple transactions in company common stock. On March 2, 2026, he executed open-market sales totaling 3,258 shares at prices of $238.83 and $238.99 per share. On March 1, 2026, 3,542 shares were disposed of at $235.80 per share to satisfy tax obligations, leaving him with 29,285.1191 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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Branstetter Benjamin James

(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)
03/01/2026

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	03/01/2026		F		3,542	D	$235.8	32,543.1191	D
Common Stock	03/02/2026		S		3,158	D	$238.83	29,385.1191	D
Common Stock	03/02/2026		S		100	D	$238.99	29,285.1191	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:

Remarks:

President - Logistics and Transportation

	/s/ Benjamin James Branstetter	03/03/2026
	** 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 transactions did Targa Resources (TRGP) report for Benjamin James Branstetter?

Benjamin James Branstetter reported open-market sales of 3,258 Targa Resources shares and a tax-related share disposition. The transactions involved company common stock and reflect routine portfolio and tax management activity by an officer of Targa Resources Corp.

How many Targa Resources (TRGP) shares did the insider sell and at what prices?

Branstetter sold 3,158 Targa Resources shares at $238.83 and 100 shares at $238.99 per share. These open-market transactions are reported as sales of common stock under transaction code “S” in the insider filing.

What was the purpose of the 3,542-share disposition in the Targa Resources (TRGP) Form 4?

The 3,542 Targa Resources shares were disposed of to cover tax obligations. The transaction used code “F,” indicating payment of tax liability by delivering securities at a price of $235.80 per share, rather than an open-market sale for investment purposes.

How many Targa Resources (TRGP) shares does Benjamin James Branstetter hold after these transactions?

After completing the reported transactions, Branstetter directly holds 29,285.1191 Targa Resources common shares. This post-transaction balance reflects both the open-market sales and the tax-withholding share disposition reported in the Form 4 filing.

What do the transaction codes S and F mean in the Targa Resources (TRGP) insider filing?

Code “S” indicates an open-market or private sale of Targa Resources shares, while code “F” indicates shares delivered to pay an exercise price or tax liability. Together, they show both discretionary sales and tax-related share withholding activity.