Byers William A. 4

What Happened William A. Byers, Chief Financial Officer of Targa Resources Corp. (TRGP), received a grant/award of 7,237 shares on January 15, 2026. The acquisition is reported as an award (transaction code A) with an acquisition price of $0.00 (typical for compensation awards). No accompanying sale or tax-withholding disposition is shown in this filing.

Key Details

• Transaction date: 2026-01-15 (reported on Form 4 filed 2026-01-26)
• Transaction type/code: Grant/Award (A) — 7,237 shares acquired at $0.00
• Report timeliness: Filing was delayed (marked late). The delay is explained as due to difficulties obtaining valid EDGAR Next filing credentials.
• Shares owned after the transaction: Not specified in this filing
• Other notes: No 10b5-1 plan, option exercise, or tax-withholding sale is reported here.

Context This was a compensation award rather than an open-market purchase or sale. Awards are commonly part of executive pay packages and do not, by themselves, indicate an insider buying or selling stock for investment reasons. Retail investors should view grants as a disclosure of compensation; future filings (e.g., vesting, sales) can provide more direct signals of insider trading behavior.