Targa Resources Corp. Files Definitive Proxy Statement

Ticker: TRGP · Form: DEF 14A · Filed: Mar 21, 2024 · CIK: 1389170

Targa Resources Corp. DEF 14A Filing Summary
FieldDetail
CompanyTarga Resources Corp. (TRGP)
Form TypeDEF 14A
Filed DateMar 21, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$0.001
Sentimentneutral

Sentiment: neutral

Topics: Targa Resources, DEF 14A, Proxy Statement, Corporate Governance, Shareholder Meeting

TL;DR

<b>Targa Resources Corp. has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

Targa Resources Corp. (TRGP) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. Targa Resources Corp. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024. The filing covers the period ending May 16, 2024. The company's fiscal year ends on December 31. Targa Resources Corp. is incorporated in Delaware. The principal business address is 1000 Louisiana Street, Suite 4300, Houston, TX 77002.

Why It Matters

For investors and stakeholders tracking Targa Resources Corp., this filing contains several important signals. This filing is a standard requirement for public companies to inform shareholders about matters to be voted on, including executive compensation and director elections. Shareholders should review this document to understand how their votes will impact corporate governance and executive pay at Targa Resources Corp.

Risk Assessment

Risk Level: low — Targa Resources Corp. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational changes.

Analyst Insight

Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to inform voting decisions.

Key Numbers

  • 2024-03-21 — Filing Date (DEF 14A)
  • 2024-05-16 — Period of Report (DEF 14A)
  • 1231 — Fiscal Year End (Company Data)

Key Players & Entities

  • Targa Resources Corp. (company) — Registrant name
  • DEF 14A (document) — Filing type
  • 2024-03-21 (date) — Filing date
  • 2024-05-16 (date) — Period of report
  • 1231 (date) — Fiscal year end
  • DE (location) — State of incorporation
  • 1000 Louisiana Street, Suite 4300, Houston, TX 77002 (address) — Business address
  • 1934 Act (regulation) — SEC Act

FAQ

When did Targa Resources Corp. file this DEF 14A?

Targa Resources Corp. filed this Proxy Statement (DEF 14A) with the SEC on March 21, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Targa Resources Corp. (TRGP).

Where can I read the original DEF 14A filing from Targa Resources Corp.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Targa Resources Corp..

What are the key takeaways from Targa Resources Corp.'s DEF 14A?

Targa Resources Corp. filed this DEF 14A on March 21, 2024. Key takeaways: Targa Resources Corp. filed a Definitive Proxy Statement (DEF 14A) on March 21, 2024.. The filing covers the period ending May 16, 2024.. The company's fiscal year ends on December 31..

Is Targa Resources Corp. a risky investment based on this filing?

Based on this DEF 14A, Targa Resources Corp. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial or operational changes.

What should investors do after reading Targa Resources Corp.'s DEF 14A?

Review the proxy statement for details on executive compensation, director nominations, and any shareholder proposals to inform voting decisions. The overall sentiment from this filing is neutral.

How does Targa Resources Corp. compare to its industry peers?

Targa Resources Corp. operates in the natural gas transmission industry.

Are there regulatory concerns for Targa Resources Corp.?

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs proxy solicitations.

Industry Context

Targa Resources Corp. operates in the natural gas transmission industry.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs proxy solicitations.

What Investors Should Do

  1. Review the executive compensation details outlined in the proxy statement.
  2. Examine the proposals to be voted on at the shareholder meeting.
  3. Assess director nominations and qualifications.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for public companies regarding their annual shareholder meeting and related matters.

Filing Stats: 4,826 words · 19 min read · ~16 pages · Grade level 14.8 · Accepted 2024-03-21 16:42:19

Key Financial Figures

  • $0.001 — . The Company's common stock, par value $0.001 per share ("common stock"), is the only

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 45

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 60 SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS 62 TRANSACTIONS WITH RELATED PERSONS 63 PROPOSAL TWO RATIFICATION OF SELECTION OF INDEPENDENT AUDITORS 66 PROPOSAL THREE ADVISORY VOTE ON EXECUTIVE COMPENSATION 68 STOCKHOLDER PROPOSALS AND NOMINATIONS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS; IDENTIFICATION OF DIRECTOR CANDIDATES 70 SOLICITATION OF PROXIES 72 STOCKHOLDER LIST 72 PROXY MATERIALS, ANNUAL REPORT AND OTHER INFORMATION 73 INTERNET AND PHONE VOTING 74 APPENDIX A 75 TARGA RESOURCES CORP. (the "Company") 811 Louisiana Street | Suite 2100 | Houston, Texas 77002 PROXY STATEMENT 2024 ANNUAL MEETING OF STOCKHOLDERS The Board of Directors of the Company (the "Board of Directors" or "Board") is providing the information in this proxy statement to you in connection with the solicitation of proxies for the matters to be voted on at the Annual Meeting of Stockholders (the "Annual Meeting") that will be held May 16, 2024, at 8:00 a.m. Central Time, at 811 Louisiana Street, Suite 2100, Houston, TX 77002. By submitting your proxy card, you authorize the persons named on the proxy card to represent you and vote your shares at the Annual Meeting. Those persons will also be authorized to vote your shares to adjourn the Annual Meeting from time to time and to vote your shares at any adjournments or postponements of the Annual Meeting. We encourage you to vote your shares prior to the Annual Meeting. If you attend the Annual Meeting, you may vote in person. Only stockholders of the Company (or their authorized representatives) and the Company's invited guests may attend the Annual Meeting. All attendees should be prepared to present government-issued photo identification (such as a driver's license or passport) for admittance. If you are not present at the Annual Meeting, your shares may be voted only by a person to whom you have given

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