8-KItem 5.02 · Officer/Director Change
Targa Names Brent Secrest Logistics President and Benjamin Branstetter CFO
Filed with the SEC on · Summarized by InvestorsBot
Targa Resources appointed Brent B. Secrest as President–Logistics and Transportation and promoted current logistics president Benjamin J. Branstetter to Chief Financial Officer, effective September 1, 2026. Branstetter’s new compensation includes a $600,000 annual base salary and a 2027 long-term incentive award equal to 400% of base salary; retiring CFO William A. Byers will remain with Targa in a non-executive role through December 31, 2026, under an agreement covering salary, equity awards and his 2026 incentive.