Director Paul Chung gifts 6,000 Targa (TRGP) shares, retains large holdings

Rhea-AI Filing Summary

Targa Resources Corp. director Paul W. Chung reported a charitable-style transfer of company stock. He made a bona fide gift of 6,000 shares of common stock, recorded at a price of $0.00 per share. This was a disposition of shares, not an open-market sale.

After the gift, Chung directly holds 31,479 common shares. He also reports indirect holdings, including 45,816 shares held in an IRA and shares held by family trusts. The Paul Chung 2008 Family Trust holds 200,500 shares, and the Helen Chung 2007 Family Trust holds 232,827 shares, as referenced in the footnotes.

Insider Trade Summary

6,000 shares gifted

Mixed 4 txns

Insider Chung Paul W

Role null

Type	Security	Shares	Price	Value
Gift	Common Stock	6,000	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 31,479 shares (Direct, null); Common Stock — 232,827 shares (Indirect, See Footnote)

Footnotes (1)

1. These shares are held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee. These shares are held by the Helen Chung 2007 Family Trust, of which Mr. Chung's spouse and Mr. Chung's sister-in-law serve as co-trustees.

Key Figures

Gifted shares: 6,000 shares Gift price: $0.00 per share Direct holdings after gift: 31,479 shares +3 more

6 metrics

Gifted shares 6,000 shares Bona fide gift of common stock

Gift price $0.00 per share Reported transaction price for gifted shares

Direct holdings after gift 31,479 shares Common stock held directly by Paul W. Chung after transaction

IRA holdings 45,816 shares Common stock held indirectly via IRA

Paul Chung 2008 Family Trust 200,500 shares Indirect holdings in family trust where Chung is trustee

Helen Chung 2007 Family Trust 232,827 shares Indirect holdings in trust with spouse and sister-in-law as co-trustees

Key Terms

bona fide gift, IRA, Family Trust, indirect ownership, +1 more

5 terms

bona fide gift financial

"The transaction code description identifies the 6,000-share transfer as a bona fide gift."

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

IRA financial

"One indirect holding entry lists 45,816 shares held by IRA."

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Family Trust financial

"These shares are held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee."

indirect ownership financial

"Multiple entries show indirect ownership with nature of ownership described as IRA or family trusts."

Common Stock financial

"Each transaction involves Common Stock of Targa Resources Corp."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Chung Paul W

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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	05/12/2026		G		6,000	D	$0	31,479	D
Common Stock								232,827	I	See Footnote(1)
Common Stock								200,500	I	See Footnote(2)
Common Stock								45,816	I	By IRA

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 Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee.

2. These shares are held by the Helen Chung 2007 Family Trust, of which Mr. Chung's spouse and Mr. Chung's sister-in-law serve as co-trustees.

	/s/ Paul W. Chung	05/13/2026
	** 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)

FAQ

What insider transaction did Paul W. Chung report for Targa Resources Corp. (TRGP)?

Paul W. Chung reported a bona fide gift of 6,000 shares of Targa Resources common stock. The transaction was recorded at $0.00 per share, meaning it was a non-sale, non-cash transfer rather than an open-market trade.

How many Targa Resources (TRGP) shares does Paul W. Chung hold directly after the gift?

After the reported gift, Paul W. Chung directly holds 31,479 shares of Targa Resources common stock. This figure reflects his direct ownership only and excludes additional indirect holdings reported through an IRA and family trusts.

What indirect Targa Resources (TRGP) holdings are reported for Paul W. Chung?

Paul W. Chung reports 45,816 Targa shares held through an IRA and additional shares through family trusts. The Paul Chung 2008 Family Trust holds 200,500 shares, and the Helen Chung 2007 Family Trust reports 232,827 shares, according to the filing footnotes.

Does the 6,000-share Targa Resources (TRGP) transaction represent a sale?

The 6,000-share transaction is classified as a bona fide gift, not a sale. It carries a reported price of $0.00 per share, indicating a non-cash transfer rather than an open-market disposal of stock for proceeds.

Who controls the Targa Resources (TRGP) shares held in the family trusts linked to Paul W. Chung?

The Paul Chung 2008 Family Trust shares are held in a trust where Paul Chung serves as trustee. The Helen Chung 2007 Family Trust shares are overseen by his spouse and sister-in-law as co-trustees, as described in the filing’s footnotes.