Targa Resources (TRGP) CFO reports grant of 7,237 shares at $0

Rhea-AI Filing Summary

Targa Resources Corp. Chief Financial Officer William A. Byers reported an acquisition of company stock. On 01/15/2026, he acquired 7,237 shares of Targa Resources common stock at a price of $0 per share, which typically indicates a grant rather than an open-market purchase. Following this transaction, he beneficially owned 16,760 shares held directly.

The filing notes that submission was delayed due to issues obtaining valid EDGAR Next filing credentials, clarifying that the timing of the report was affected by administrative factors rather than the transaction itself.

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^*

Byers William A.

(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)
	Chief Financial Officer

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		7,237	A	$0	16,760	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:

This filing was delayed due to delays in obtaining valid filing credentials from EDGAR Next.

	/s/ William A. Byers	01/26/2026
	** 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) disclose in this Form 4?

The filing shows that Chief Financial Officer William A. Byers acquired 7,237 shares of Targa Resources common stock on 01/15/2026 at a price of $0 per share.

How many Targa Resources (TRGP) shares does the CFO own after this transaction?

After the reported transaction, Chief Financial Officer William A. Byers beneficially owned 16,760 shares of Targa Resources common stock in direct ownership.

Was the Targa Resources (TRGP) CFO transaction a purchase on the open market?

The transaction is reported as an acquisition of 7,237 common shares at $0 per share, which indicates it was not an open-market purchase but a no-cost stock acquisition.

What role does the reporting person hold at Targa Resources (TRGP)?

The reporting person, William A. Byers, is identified as the Chief Financial Officer of Targa Resources Corp.

Why was the Targa Resources (TRGP) Form 4 for the CFO filed late?

The remarks state that the filing was delayed due to delays in obtaining valid filing credentials from EDGAR Next, an administrative issue.

Is the Targa Resources (TRGP) CFO’s ownership reported as direct or indirect?

The Form 4 lists the 16,760 shares beneficially owned after the transaction as held in direct ownership by Chief Financial Officer William A. Byers.