secwatch.observer — SEC 8-K summary
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Issuer:     Targa Resources Corp. (TRGP)
CIK:        0001389170
Form:       8-K
Filed at:   2026-08-25T11:00:06+00:00
Accession:  0001193125-26-364099
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Targa appoints new CFO and President – Logistics; CFO Byers to retire Sept 1
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- Brent B. Secrest appointed President – Logistics and Transportation, effective Sept 1, 2026; previously EVP at Enterprise Products.
- Benjamin J. Branstetter, current President – Logistics, becomes CFO and principal financial officer, effective Sept 1, 2026.
- William A. Byers to retire as CFO Sept 1, 2026; remains non-executive through Dec 31, 2026.
- Branstetter gets base salary $600,000 and LTIP of 400% of base salary for 2027.
- Byers' separation: base salary through transition, 2024 RSU/PSU and 2025 RSU vest, 2025 PSU and 2026 awards forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389170/000119312526364099/0001193125-26-364099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389170/000119312526364099/d135085d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-364099

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