Item 8.01 Other Events.

On November 13, 2020, Targa Resources Corp. (the "Company") announced that, in November 2020, James W. Whalen, one of our directors, and his spouse, Virginia Whalen, entered into a planned trading program pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, which we refer to as the "10b5-1 plan." Rule 10b5-1 provides guidelines for officers, directors and other insiders to prearrange sales of their company's securities in a manner that avoids concerns about initiating stock transactions while in possession of material nonpublic information. Additionally, Whalen Family Investments Limited Partnership ("WFILP") and Whalen Family Investments Limited Partnership 2 ("WFILP 2") entered into 10b5-1 plans. Mr. Whalen is a general partner of WFILP and Mr. Whalen and his spouse are general partners of WFILP 2. Other officers and directors of the Company may adopt plans pursuant to Rule 10b5-1 in the future.

Actual transactions completed under individual 10b5-1 plans will be reported from time to time on forms filed with the Securities and Exchange Commission. Except as may be required by law, we do not undertake to report modifications, terminations or other activities under current or future 10b5-1 plans established by our officers and directors.


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