Targa Resources (NYSE: TRGP) director Rene Joyce granted 1,030 shares at $0

Rhea-AI Filing Summary

Targa Resources Corp. director Rene R. Joyce reported acquiring 1,030 shares of common stock on 01/15/2026 at a price of $0 per share. Following this transaction, he directly beneficially owned 214,708 common shares. The filing also notes indirect beneficial ownership of 371,292 common shares held by the Kay P. Joyce Family Trust, for which his spouse serves as trustee, and 193,759 common shares held by the Rene Joyce 2010 Grantor Retained Annuity Trust, for which Mr. Joyce and his spouse act as co‑trustees. The two trust positions reflect holdings, not new transactions on that date.

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^*

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)
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		1,030	A	$0	214,708	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	01/20/2026
	** 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.
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FAQ

What insider activity did TRGP director Rene R. Joyce report on this Form 4?

Rene R. Joyce reported acquiring 1,030 shares of Targa Resources Corp. common stock on 01/15/2026 at a price of $0 per share, increasing his directly held stake to 214,708 shares.

How many Targa Resources (TRGP) shares does Rene R. Joyce own directly after this transaction?

After the reported acquisition, Rene R. Joyce directly beneficially owned 214,708 shares of Targa Resources Corp. common stock.

What indirect holdings in TRGP are associated with trusts related to Rene R. Joyce?

The filing reports 371,292 shares held by the Kay P. Joyce Family Trust, where his spouse is trustee, and 193,759 shares held by the Rene Joyce 2010 Grantor Retained Annuity Trust, where Mr. Joyce and his spouse are co‑trustees.

Did the trusts linked to Rene R. Joyce execute any TRGP share transactions on 01/15/2026?

No new transactions are reported for the trusts on that date; the trust positions of 371,292 shares and 193,759 shares are disclosed as holdings following the reported event.

What is Rene R. Joyce’s relationship to Targa Resources Corp.?

Rene R. Joyce is listed as a director of Targa Resources Corp. on this Form 4 and is not identified as a 10% owner or officer in the filing.

Was the reported TRGP stock transaction by Rene R. Joyce a purchase or a grant?

The Form 4 uses transaction code "A" for an acquisition and shows a $0 per share price, indicating shares were acquired at no cost, such as through an award or similar arrangement.