Form 8-K · Current report
Targa Resources 8-K, filed Aug 25, 2026
- Filed
- CIK
- 0001389170
- Accession no.
- 0001193125-26-364099
Summary
Targa Resources Corp. named Benjamin J. Branstetter as Chief Financial Officer, succeeding William A. Byers, who is retiring effective September 1, 2026, and appointed Brent B. Secrest, formerly of Enterprise Products Holdings, as President – Logistics and Transportation, also effective September 1, 2026. Byers will remain employed in a non-executive capacity until December 31, 2026 under a separation agreement that continues his base salary through the transition period and forfeits his 2025 performance stock units and all 2026 equity awards.
Key points
- Targa's board approved the appointments on August 20, 2026, effective September 1, 2026.
- Branstetter's compensation includes a $600,000 annual base salary and a long-term incentive award of 400% of base salary, first applicable to his 2027 award.
- Secrest was most recently Executive Vice President and Chief Commercial Officer at Enterprise Products Holdings from September 2019 until May 2025.
- Under the separation agreement, Byers' outstanding 2024 RSU and PSU awards and 2025 RSU awards remain outstanding, while 2025 PSU awards and all 2026 equity awards are forfeited.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Brent B. Secrest On August 20, 2026, the Board of Directors (the “Board”) of Targa Resources Corp. (the “Company”) appointed Brent B. Secrest to serve as the Company’s President – Logistics and Transportation, effective as of September 1, 2026. Mr. Secrest, age 53, most recently served as Executive Vice President and Chief Commercial Officer at Enterprise Products Holdings LLC (“Enterprise GP”) from September 2019 until May 2025. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.