JOYCE RENE R 4

What Happened

• Rene R. Joyce, a director of Targa Resources Corp. (TRGP), was granted/acquired 1,030 shares on January 15, 2026. The shares were reported with an acquisition price of $0.00, giving a total reported value of $0 for this award (transaction code "A" — award/grant).

Key Details

• Transaction date: 2026-01-15; Filing date (Form 4): 2026-01-20.
• Price: $0.00 per share; Shares acquired: 1,030; Reported total value: $0.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — shares are held by the Kay P. Joyce Family Trust, where Mr. Joyce’s spouse serves as trustee. F2 — shares are held by the Rene Joyce 2010 Grantor Retained Annuity Trust, of which Mr. Joyce and his spouse are co-trustees.
• Timeliness: The Form 4 was filed five days after the reported transaction date. Section 16 insiders are generally required to file within two business days; this filing appears later than that window.

Context

• This was an award/grant (not an open-market purchase or sale). Awards at $0 often reflect transfers, trust allocations, or compensation arrangements rather than a cash purchase; they do not by themselves indicate buying or selling sentiment. The shares here are held in trusts with family members as trustees, which affects control and voting but is separate from open-market insider buying or selling.