Short answer
Targa Resources (TRGP) filed an 8-K current report with the SEC on August 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO William A. Byers retires September 1, 2026, remaining in a non-executive transition role through December 31, 2026.
Targa Resources 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO William A. Byers retires September 1, 2026, remaining in a non-executive transition role through December 31, 2026
- Benjamin J. Branstetter becomes CFO and principal financial officer, moving from President–Logistics and Transportation
- Branstetter’s compensation increases to $600,000 base salary plus 400% long-term incentive opportunity starting with 2027 awards
- Brent B. Secrest becomes President–Logistics and Transportation, bringing former Enterprise Products commercial leadership experience
- Byers retains 2024 RSUs, 2024 PSUs, and 2025 RSUs; 2025 PSUs and 2026 equity awards are forfeited under the separation agreement
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