Director Rene Joyce gifts 4,000 Targa Resources (NYSE: TRGP) shares

Rhea-AI Filing Summary

Targa Resources Corp. director Rene R. Joyce reported a bona fide gift of 4,000 shares of common stock on February 24, 2026. The gift was recorded at a price of $0.00 per share, reflecting a non-cash transfer rather than an open-market sale.

After the gift, Joyce directly held 210,708 common shares. He also reported indirect ownership of 371,292 shares held by the Kay P. Joyce Family Trust and 193,759 shares held by the Rene Joyce 2010 Grantor Retained Annuity Trust, where he and his spouse serve in trustee roles.

Insights

Insider transactions analyst

Director reported a non-cash share gift with limited directional signal.

Director Rene R. Joyce made a bona fide gift of 4,000 Targa Resources common shares on February 24, 2026 at a stated price of $0.00 per share. This is classified as a disposition, but it reflects a transfer, not a market sale.

Following the gift, Joyce directly owned 210,708 shares and reported additional indirect holdings of 371,292 and 193,759 shares through family trusts. The filing mainly updates ownership records and does not, by itself, indicate a change in market sentiment, so its impact appears routine.

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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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^*

JOYCE RENE 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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	02/24/2026		G		4,000	D	$0	210,708	D
Common Stock								371,292	I	See Footnote(1)
Common Stock								193,759	I	See Footnote(2)

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. These shares are held by the Kay P. Joyce Family Trust, of which Mr. Joyce's spouse serves as trustee.

2. These shares are held by the Rene Joyce 2010 Grantor Retained Annuity Trust, of which Mr. Joyce and his spouse serve as co-trustees.

	/s/ Rene R. Joyce	02/26/2026
	** 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 Rene R. Joyce?

Targa Resources director Rene R. Joyce reported a bona fide gift of 4,000 shares of common stock. The transaction was coded as a gift, meaning it was a non-cash transfer rather than a market trade, and is categorized as a disposition.

How many Targa Resources (TRGP) shares did Rene R. Joyce gift and at what price?

Rene R. Joyce gifted 4,000 shares of Targa Resources common stock at a stated price of $0.00 per share. This reflects a bona fide gift transaction rather than a sale, so no cash proceeds were reported in connection with this transfer.

What are Rene R. Joyce’s direct Targa Resources (TRGP) holdings after the reported gift?

After the 4,000-share gift, Rene R. Joyce directly held 210,708 shares of Targa Resources common stock. This updated figure reflects his personal direct ownership position as of the transaction date disclosed in the Form 4 filing.

What indirect Targa Resources (TRGP) holdings are reported for Rene R. Joyce?

The filing shows indirect ownership of 371,292 shares held by the Kay P. Joyce Family Trust and 193,759 shares held by the Rene Joyce 2010 Grantor Retained Annuity Trust. Joyce and his spouse are identified in trustee roles for these trusts.

Does the Targa Resources (TRGP) Form 4 show any insider share sales by Rene R. Joyce?

The Form 4 does not report any open-market share sales by Rene R. Joyce. It shows a bona fide gift of 4,000 shares and updated direct and indirect ownership totals, indicating an ownership transfer rather than a sale into the market.

What transaction code is used for Rene R. Joyce’s Targa Resources (TRGP) filing and what does it mean?

The transaction uses code G, which indicates a bona fide gift of securities. This code confirms the 4,000 Targa Resources shares were transferred as a gift, with no sale proceeds or purchase activity reported for this transaction.