The following table sets forth information regarding the beneficial ownership of our common stock as of February 1, 2021 (unless otherwise indicated) held by:
| • | each person who beneficially owns 5% or more of our then outstanding shares of common stock; |
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| • | each of our named executive officers; |
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| • | each of our directors; and |
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| • | all of our executive officers and directors as a group. |
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TRC owns all of the outstanding Partnership common units of the Partnership. As of February 1, 2021, none of our directors or executive officers owned any Preferred Shares of the Company.
Beneficial ownership is determined under the rules of the SEC. In general, these rules attribute beneficial ownership of securities to persons who possess sole or shared voting power and/or investment power with respect to those securities and include, among other things, securities that an individual has the right to acquire within 60 days. Unless otherwise indicated, the stockholders identified in the table below have sole voting and investment power with respect to all securities shown as beneficially owned by them. Percentage ownership calculations for any security holder listed in the table below are based on 228,654,246 shares of our common stock outstanding on February 1, 2021.
| | Targa Resources Corp. | | | | | | | |
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| | | | | | Percentage of | | | |
| | Common Stock | | | | Common Stock | | | |
| | Beneficially | | | | Beneficially | | | |
| Name of Beneficial Owner (1) | | Owned | | | | Owned | | | |
| The Vanguard Group (2) | | | 23,264,742 | | | | 10.17 | % | |
| T. Rowe Price Associates, Inc. (3) | | | 17,250,268 | | | | 7.54 | % | |
| Joe Bob Perkins (4) | | | 940,667 | | | * | | | |
| Matthew J. Meloy | | | 120,980 | | | * | | | |
| Jennifer R. Kneale | | | 37,541 | | | * | | | |
| Patrick J. McDonie | | | 108,556 | | | * | | | |
| D. Scott Pryor | | | 81,743 | | | * | | | |
| Robert M. Muraro | | | 70,245 | | | * | | | |
| Paul W. Chung (5) | | | 560,717 | | | * | | | |
| Rene R. Joyce (6) | | | 866,507 | | | * | | | |
| James W. Whalen (7) | | | 673,700 | | | * | | | |
| Charles R. Crisp | | | 122,807 | | | * | | | |
| Chris Tong (8) | | | 96,913 | | | * | | | |
| Robert B. Evans (9) | | | 89,190 | | | * | | | |
| Ershel C. Redd Jr. | | | 23,646 | | | * | | | |
| Laura C. Fulton | | | 18,679 | | | * | | | |
| Waters S. Davis, IV | | | 15,963 | | | * | | | |
| Beth A. Bowman | | | 8,823 | | | * | | | |
| Lindsey M. Cooksen | | 0 | | | | * | | | |
| All directors and executive officers as a group (20 persons) | | | 3,933,417 | | | | 1.72 | % | |
| (1) | Unless otherwise indicated, the address for all beneficial owners in this table is 811 Louisiana, Suite 2100, Houston, Texas 77002. |
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| (2) | As reported on Schedule 13G/A as of December 31, 2020 and filed with the SEC on February 10, 2021, the business address for The Vanguard Group is 100 Vanguard Blvd. Malvern, PA 19355. The Vanguard Group has sole voting power over no shares of common stock, shared voting power over 278,396 shares of common stock, sole dispositive power over 22,804,974 shares of common stock and shared dispositive power over 459,768 shares of common stock. |
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| (3) | As reported on Schedule 13G as of December 31, 2020 and filed with the SEC on February 16, 2021, the business address for T. Rowe Price Associates, Inc. is 100 E. Pratt Street, Baltimore, MD 21202. T. Rowe Price Associates, Inc. has sole voting power over 4,906,325 shares of common stock and sole dispositive power over 17,250,268 shares of common stock. |
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| (4) | Shares of common stock beneficially owned by Mr. Perkins include: (i) 480,283 shares issued to the Perkins Blue House Investments Limited Partnership (“PBHILP”) and (ii) 93 shares held by Mr. Perkins’ wife. Mr. Perkins is the sole member of JBP GP, L.L.C., one of the general partners of the PBHILP. |
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| (5) | Shares of common stock beneficially owned by Mr. Chung include: (i) 244,208 shares held by the Paul Chung 2008 Family Trust, of which Mr. Chung serves as trustee; and (ii) 244,209 shares held by the Helen Chung 2007 Family Trust, of which Mr. Chung's spouse and Mr. Chung's sister-in-law serve as co-trustees. |
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| (6) | Shares of common stock beneficially owned by Mr. Joyce include: (i) 223,759 shares issued to The Rene Joyce 2010 Grantor Retained Annuity Trust, of which Mr. Joyce and his wife are co-trustees and have shared voting and investment power; and (ii) 401,292 shares issued to The Kay Joyce 2010 Family Trust, of which Mr. Joyce’s wife is trustee and has sole voting and investment power. |
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| (7) | Shares of common stock beneficially owned by Mr. Whalen include (i) 315,999 shares issued to the Whalen Family Investments Limited Partnership and (ii) 199,299 shares issued to the Whalen Family Investments Limited Partnership 2. |
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| (8) | Shares of common stock beneficially owned by Mr. Tong include 434 shares held by Mr. Tong’s wife. |
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| (9) | Shares of common stock beneficially owned by Mr. Evans include 27,000 shares held by Mr. Evan’s wife. |
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Securities Authorized for Issuance under Equity Compensation Plans
The following table sets forth certain information as of December 31, 2020 regarding our long-term incentive plans, under which our common stock is authorized for issuance to employees, consultants and directors of us, the general partner and their affiliates. Our sole equity compensation plan, under which we will make equity grants, is our Amended and Restated 2010 Stock Incentive Plan, which was approved by our stockholders on May 22, 2017.
| | | | | | Number of securities | | |
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| | Number of securities to | | Weighted average | | remaining available for future | | |
| | be issued upon exercise | | exercise price of | | issuance under equity | | |
| | of outstanding options, | | outstanding options, | | compensation plans (excluding | | |
| Plan category | | warrants and rights | | warrants and rights | | securities reflected in column (a)) | | |
| | (a) | | (b) | | (c) | | |
| Equity compensation plans approved by security holders (1) | | - | | - | | | 6,866,205 | |
| (1) | Generally, awards of restricted stock, restricted stock units and performance share units to our officers and employees under the Stock Incentive Plan are subject to vesting over time as determined by the Compensation Committee and, prior to vesting, are subject to forfeiture. Stock incentive plan awards may vest in other circumstances, as approved by the Compensation Committee and reflected in an award agreement. Restricted stock, restricted stock units and performance share units are issued, subject to vesting, on the date of grant. The Compensation Committee may provide that dividends on restricted stock, restricted stock units or performance share units are subject to vesting and forfeiture provisions, in which case such dividends would be held, without interest, until they vest or are forfeited. |
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