Insider at Targa Resources (NYSE: TRGP) sells and gifts common stock

Rhea-AI Filing Summary

Targa Resources Corp. insider D. Scott Pryor reported stock sales and gifts of company shares. On February 25, he sold a total of 17,500 shares of common stock in open-market transactions at weighted average prices ranging from about $226.82 to $230.195 per share. On February 26, he made bona fide gifts totaling 26,708 shares, including transfers from both directly held shares and shares owned by the Pryor Trust, where he and Marcy Gaye Pryor serve as co-trustees. After these transactions, he continues to hold Targa stock directly and indirectly.

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^*

Pryor D. Scott

(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)
02/25/2026

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	02/25/2026		S		2,798	D	$227.2769(1)	46,640	D
Common Stock	02/25/2026		S		3,870	D	$228.3448(2)	42,770	D
Common Stock	02/25/2026		S		9,134	D	$229.44(3)	33,636	D
Common Stock	02/25/2026		S		1,698	D	$230.0995(4)	31,938	D
Common Stock	02/26/2026		G		12,104	D	$0	19,834	D
Common Stock	02/26/2026		G		12,104	A	$0	32,104	I	See Footnote(5)
Common Stock	02/26/2026		G		2,500	D	$0	29,604	I	See Footnote(5)

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 $226.82 to $227.64, 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), (2), (3) and (4) 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 $227.935 to $228.93, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.95 to $229.92, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.01 to $230.195, inclusive.

5. These shares are owned by the Pryor Trust, of which D. Scott Pryor and Marcy Gaye Pryor serve as co-trustees.

Remarks:

President - Logistics and Transportation

	/s/ D. Scott Pryor	02/27/2026
	** 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 Pryor D. Scott report for Targa Resources (TRGP)?

Pryor D. Scott reported both stock sales and gifts of Targa Resources common stock. He sold 17,500 shares in open-market transactions and also made bona fide gifts totaling 26,708 shares over two consecutive days.

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

He sold 17,500 shares of Targa Resources common stock. The weighted average sale prices ranged from approximately $226.82 to $230.195 per share, executed through multiple open-market transactions on the same trading day.

What bona fide gifts of Targa Resources (TRGP) stock were disclosed?

The filing shows bona fide gifts totaling 26,708 shares of Targa Resources common stock. These gifts involved 12,104 directly held shares and additional indirect shares, including those owned by the Pryor Trust, over transactions dated February 26.

What is the role of the Pryor Trust in the Targa Resources (TRGP) filing?

Some gifted and indirectly held Targa Resources shares are owned by the Pryor Trust. The filing notes that D. Scott Pryor and Marcy Gaye Pryor serve as co-trustees of this trust, which holds a portion of the reported common stock.

Were the Targa Resources (TRGP) insider sales single trades or multiple transactions?

The reported sales were executed as multiple transactions. The filing explains that the weighted average prices reflect numerous trades within specified price ranges between $226.82 and $230.195 per share on the sale date.

Does Pryor D. Scott still hold Targa Resources (TRGP) stock after these transactions?

Yes. After completing the reported sales and gifts, he continues to hold Targa Resources common stock. The filing shows remaining holdings both directly in his name and indirectly through the Pryor Trust structure.