Targa Resources (TRGP) CCO sells 24,589 shares in open market

Rhea-AI Filing Summary

Targa Resources Corp. Chief Commercial Officer Robert Muraro reported an open-market sale of common stock. On March 5, 2026, he sold 24,589 shares of Targa Resources common stock at a weighted average price of $241.3428 per share. After this transaction, he directly owns 197,401 shares of the company’s common stock.

The shares were sold in multiple trades at prices ranging from $241.01 to $241.67, reflecting typical execution across a price range rather than a single trade.

Insider Trade Summary

Net Seller: 24,589 shares ($5,934,378)

Net Sell 1 txn

Insider Muraro Robert

Role Chief Commercial Officer

Sold 24,589 shs ($5.93M)

Type	Security	Shares	Price	Value
Sale	Common Stock	24,589	$241.3428	$5.93M

Holdings After Transaction: Common Stock — 197,401 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 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)
	Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		S		24,589	D	$241.3428(1)	197,401	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $241.01 to $241.67, 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.

	/s/ Robert M. Muraro	03/06/2026
	** 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 (TRGP) report for Robert Muraro?

Targa Resources reported that Chief Commercial Officer Robert Muraro sold 24,589 shares of common stock in an open-market transaction. The trades were executed at a weighted average price of $241.3428 per share across multiple individual trades.

At what prices did the TRGP insider share sales occur?

The reported sale by Targa Resources’ Chief Commercial Officer occurred in multiple trades at prices ranging from $241.01 to $241.67 per share. The Form 4 notes a weighted average sale price of $241.3428 for the 24,589 shares sold.

How many Targa Resources (TRGP) shares does Robert Muraro own after the sale?

Following the reported transaction, Chief Commercial Officer Robert Muraro directly owns 197,401 shares of Targa Resources common stock. This post-transaction holding reflects his remaining direct ownership after selling 24,589 shares in the open market.

What type of transaction did the Targa Resources (TRGP) Form 4 disclose?

The Form 4 for Targa Resources discloses an open-market sale of common stock by Chief Commercial Officer Robert Muraro. The transaction is coded “S,” indicating a sale in open market or private transactions under the SEC’s Form 4 instructions.

Who is the insider involved in the latest TRGP Form 4 filing?

The insider is Robert Muraro, Chief Commercial Officer of Targa Resources Corp. The Form 4 shows he sold 24,589 shares of common stock and now directly holds 197,401 shares following the reported open-market transaction.

Does the TRGP Form 4 specify how the insider sale prices were calculated?

Yes. The Form 4 states the reported per-share price is a weighted average. It explains the 24,589 shares were sold in multiple trades at prices between $241.01 and $241.67, and detailed trade breakdowns are available upon request.