Targa Resources (NYSE: TRGP) EVP Shrader reports 6,680-share stock grant

Rhea-AI Filing Summary

Targa Resources Corp. Executive Vice President, General Counsel and Secretary Gerald R. Shrader reported an acquisition of company common stock. On 01/15/2026, he was awarded 6,680 shares of Targa Resources common stock at a reported price of $0 per share, indicating a stock grant rather than an open-market purchase. After this transaction, he beneficially owned 35,091 shares of Targa Resources common stock in direct ownership.

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^*

Shrader Gerald R

(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)
01/15/2026

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	01/15/2026		A		6,680	A	$0	35,091	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:

Executive Vice President, General Counsel and Secretary

	/s/ Gerald R. Shrader	01/20/2026
	** 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).
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FAQ

What insider transaction did TRGP executive Gerald R. Shrader report?

Gerald R. Shrader reported acquiring 6,680 shares of Targa Resources Corp. common stock on 01/15/2026, coded as an acquisition in a Form 4 filing.

At what price were the TRGP shares acquired in this Form 4 filing?

The 6,680 shares of Targa Resources common stock reported by Gerald R. Shrader carried a stated acquisition price of $0 per share, consistent with an equity award.

How many TRGP shares does Gerald R. Shrader own after this transaction?

Following the reported acquisition, Gerald R. Shrader beneficially owned 35,091 shares of Targa Resources Corp. common stock in direct ownership.

What is Gerald R. Shrader’s role at Targa Resources Corp.?

Gerald R. Shrader is identified as an Executive Vice President, General Counsel and Secretary of Targa Resources Corp. in the Form 4 filing.

Is the TRGP insider transaction reported as direct or indirect ownership?

The Form 4 reports the 35,091 shares held by Gerald R. Shrader as direct ownership, with no separate entity or indirect ownership structure noted.

Does this TRGP Form 4 involve derivative securities such as options or warrants?

No derivative securities are reported. The Form 4 only lists an acquisition of common stock with no derivative positions shown in Table II.