Waters S. Davis IV - May 13, 2022 Form 4 Insider Report for Targa Resources Corp. (TRGP)

Role: Director
Signature: /s/ Waters S. Davis, IV
Stock symbol: TRGP
Transactions as of: May 13, 2022
Transactions value $: -$1,018,016
Form type: 4
Date filed: 5/17/2022, 04:31 PM
Previous filing: Jan 24, 2022
Next filing: Jan 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRGP	Common Stock	Sale	-$1.02M	-14.3K	-67.82%	$71.26	6.78K	May 13, 2022	See Footnote	F1, F2
holding	TRGP	Common Stock						2.7K	May 13, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.91 to $71.62, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
F2	These shares are owned by the Waters Davis Legacy Trust (the "WDLT"). Pursuant to exempt transactions under Rule 16a-13, Mr. Davis gifted (i) 219 of his directly-owned shares to the WDLT on February 8, 2022 and (ii) 20,843 of his directly-owned shares to the WDLT on March 23, 2022. Mr. Davis is co-trustee of the WDLT and is a co-beneficiary under the WDLT.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.91 to $71.62, inclusive. The reporting person undertakes to provide to Targa Resources Corp., any security holder of Targa Resources Corp., or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.

These shares are owned by the Waters Davis Legacy Trust (the "WDLT"). Pursuant to exempt transactions under Rule 16a-13, Mr. Davis gifted (i) 219 of his directly-owned shares to the WDLT on February 8, 2022 and (ii) 20,843 of his directly-owned shares to the WDLT on March 23, 2022. Mr. Davis is co-trustee of the WDLT and is a co-beneficiary under the WDLT.