Targa Resources (NYSE: TRGP) EVP uses 1,718 shares for tax or option costs

Rhea-AI Filing Summary

Targa Resources Corp. Executive Vice President, General Counsel and Secretary Gerald R. Shrader reported a disposition of 1,718 shares of common stock on August 1, 2026, withheld to cover equity-related obligations at $270.37 per share. After this exercise-price or tax-liability transaction, he directly owns 33,373 shares of common stock.

Insider Trade Summary

Net Seller: 1,718 shares

Net Sell 1 txn

Insider Shrader Gerald R

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,718	$270.37	$464K

Holdings After Transaction: Common Stock — 33,373 shares (Direct)

Key Figures

Shares withheld: 1,718 shares Price per share: $270.37 Shares owned after: 33,373 shares

3 metrics

Shares withheld 1,718 shares Disposition on August 1, 2026 to cover equity-related obligations

Price per share $270.37 Value used for the 1,718-share withholding transaction

Shares owned after 33,373 shares Direct common stock holdings after the August 1, 2026 transaction

Key Terms

exercise price, tax liability, withholding securities

3 terms

exercise price financial

"Payment of exercise price or tax liability by delivering or withholding securities"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

withholding securities financial

"Payment of exercise price or tax liability by delivering or withholding securities"

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:31 PM Accepted by SEC EDGAR 08/04/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What insider transaction did Targa Resources (TRGP) executive Gerald R. Shrader report?

Gerald R. Shrader reported a disposition of 1,718 shares of Targa Resources common stock on August 1, 2026. The shares were withheld to satisfy equity-related obligations at $270.37 per share, leaving him with 33,373 shares directly owned.

How many TRGP shares were used to cover taxes or option costs for Gerald R. Shrader?

A total of 1,718 shares of TRGP common stock were withheld for exercise price or tax-liability obligations. The disposition price reported was $270.37 per share, and following this transaction Shrader directly holds 33,373 shares.

What is Gerald R. Shrader’s remaining TRGP share ownership after the reported transaction?

After the August 1, 2026 disposition, Gerald R. Shrader directly owns 33,373 shares of Targa Resources common stock. This reflects the position following the 1,718-share withholding used to satisfy equity-related obligations at $270.37 per share.

Was Gerald R. Shrader’s TRGP share disposition under a Rule 10b5-1 trading plan?

The reported disposition was not indicated as made under a Rule 10b5-1 trading plan. The filing shows the Rule 10b5-1 checkbox as not affirmed, so the 1,718-share withholding appears discretionary rather than pursuant to a preset plan.

What type of transaction does code F represent in Gerald R. Shrader’s TRGP filing?

Transaction code F reflects payment of exercise price or tax liability by delivering or withholding securities. In this case, 1,718 shares of TRGP common stock were withheld at $270.37 per share instead of using cash to meet those obligations.

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^*

Shrader Gerald R

(Last) (First) (Middle)

811 LOUISIANA, SUITE 2100

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/01/2026		F		1,718	D	$270.37	33,373	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	08/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)