Target (NYSE: TGT) executive submits initial Form 3 ownership filing
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Target Corp executive Grant B McGee has filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as an executive officer and formally reports his ownership position in Target shares as required for insiders, though the provided data does not show specific share amounts or recent trades.
Positive
- None.
Negative
- None.
Key Terms
Form 3, Executive Officer, beneficial ownership
3 terms
Form 3 regulatory
"INSIDER FILING DATA (Form 3)"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Executive Officer financial
""officer_title": "Executive Officer""
beneficial ownership regulatory
"initial statement of beneficial ownership on Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does Grant B McGee’s Form 3 filing for TGT represent?
Grant B McGee’s Form 3 is an initial statement of beneficial ownership as a Target Corp executive officer. It formally records his insider status and ownership position, creating a baseline for any future reportable transactions in Target stock.
What role does Grant B McGee hold at Target Corp (TGT)?
Grant B McGee is identified as an executive officer of Target Corp in this Form 3. As an officer, he is considered an insider under SEC rules and must report his Target share ownership and future changes on Forms 3, 4, or 5.
Why is Target Corp’s Form 3 for Grant B McGee important to investors?
The Form 3 confirms Grant B McGee’s insider status and ownership reporting obligations at Target Corp. While it does not show trades, it sets the baseline from which future insider transactions and changes in his Target share ownership will be disclosed.
Does the Form 3 for TGT include derivative or option holdings for Grant B McGee?
The provided data shows no derivative positions or option holdings listed for Grant B McGee. The derivativeSummary and related transaction counts are all zero, indicating no derivatives are reported in this specific Form 3 excerpt.