Targa Resources said the Board appointed Ms. Caron A. Lawhorn as a director on March 11, 2024. Ms. Lawhorn was designated a Class III Director, with a term expiring at the company's 2025 annual meeting of stockholders.

1. 01

   Targa Resources said the Board appointed Ms. Caron A. Lawhorn as a director on March 11, 2024. Ms. Lawhorn was designated a Class III Director, with a term expiring at the company's 2025 annual meeting of stockholders.

2. 02

   The company said Ms. Lawhorn was also appointed to the Board's Audit Committee effective March 11, 2024. It also said there are no understandings or arrangements between Ms. Lawhorn and any other person relating to her selection as a director.

3. 03

   Targa said Ms. Lawhorn will receive compensation under its policies for non-employee directors. The company also said the Compensation Committee expects to grant her a pro-rated restricted stock award consistent with the annual equity awards granted to all other non-employee directors.

4. 04

   The company said it entered into an indemnification agreement with Ms. Lawhorn on March 11, 2024. The agreement requires Targa to indemnify her to the fullest extent permitted under Delaware law and to advance expenses related to any proceeding for which she could be indemnified.

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