Target (TGT) CAO boosts deferred stock-linked units in amended Form 4/A
Rhea-AI Filing Summary
Target Corporation Chief Accounting Officer Matthew A. Liegel reported a discretionary transaction involving 3,425.8308 deferred compensation units indexed to Target common stock at a reference value of $116.76 per unit. These units are part of the company’s Executive Deferred Compensation Plan and are economically equivalent to the same number of Target common shares.
After this transaction, Liegel holds 7,134.7280 deferred compensation units tied to Target stock under the plan. The balances are unsecured general obligations of Target and will be paid solely in cash based on plan investment performance. This amendment corrects the number of units previously reported and reflects investment earnings and losses since a prior filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LIEGEL MATTHEW A
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Deferred Compensation Units | 3,425.8308 | $116.76 | $400K |
Holdings After Transaction:
Deferred Compensation Units — 7,134.728 shares (Direct)
Footnotes (3)
- F1. Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants' deferred compensation balances are indexed to various crediting rate alternatives, as chosen by them. The units reported relate to the Target common stock crediting rate alternative, and each unit is the economic equivalent of one share of Target common stock. The value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund in the corporation's 401(k) plan. Participants are generally free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash.
- F2. The transaction represents the reporting person's discretionary acquisition of units of the Target common stock rate alternative under the Plan referenced in footnote 1, and is the economic equivalent of the purchase of the same number of shares of Target common stock. This amendment is being filed to correct the number of securities acquired by the reporting person as reported on the original Form 4 filed on March 19, 2026.
- F3. Includes investment earnings/losses since the reporting person's Form 4 filing on May 24, 2022, that previously reported these deferred compensation units.
Key Figures
Deferred compensation units acquired: 3,425.8308 units
Reference value per unit: $116.76 per unit
Total deferred units after transaction: 7,134.7280 units
+2 more
5 metrics
Deferred compensation units acquired
3,425.8308 units
Discretionary transaction dated 2026-03-17
Reference value per unit
$116.76 per unit
Economic equivalent of Target common stock
Total deferred units after transaction
7,134.7280 units
Plan balance following reported transaction
Rule reference
Rule 16b-3(f)
Discretionary transaction classification
Conversion price
$0.00
Conversion/exercise price of deferred units
Key Terms
Deferred Compensation Units, Executive Deferred Compensation Plan, Target Stock Fund, economic equivalent, +2 more
6 terms
Deferred Compensation Units financial
"Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan"
Executive Deferred Compensation Plan financial
"Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan"
Target Stock Fund financial
"value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund"
economic equivalent financial
"each unit is the economic equivalent of one share of Target common stock"
unsecured general obligations financial
"The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash"
Rule 16b-3(f) regulatory
"transaction code description: Discretionary transaction under Rule 16b-3(f)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Target (TGT) executive Matthew A. Liegel report in this Form 4/A?
Matthew A. Liegel reported a discretionary acquisition of 3,425.8308 deferred compensation units tied to Target common stock. These units are held in Target’s Executive Deferred Compensation Plan and are economically equivalent to the same number of Target shares but are payable only in cash.
How many deferred compensation units tied to Target (TGT) stock does Liegel now hold?
Following the reported transaction, Matthew A. Liegel holds 7,134.7280 deferred compensation units linked to Target common stock. These plan units track the value of Target’s stock fund and represent unsecured obligations of Target, to be settled in cash under the plan’s terms.
What does “economic equivalent of Target common stock” mean in this Target (TGT) filing?
Each deferred compensation unit is the economic equivalent of one Target common share, meaning its value tracks Target’s stock performance. However, these balances remain unsecured obligations of Target and are settled in cash rather than by delivering actual shares.
Why was this Target (TGT) Form 4/A filed as an amendment?
The Form 4/A was filed to correct the number of deferred compensation units acquired that was previously reported. It also notes that the reported plan balance includes investment earnings and losses since a prior Form 4 filed on May 24, 2022.
What is a discretionary transaction under Rule 16b-3(f) for Target (TGT)?
A discretionary transaction under Rule 16b-3(f) is an elective change in investment alternatives in an issuer’s benefit plan. Here, it reflects Liegel’s discretionary acquisition of units in the Target common stock crediting rate option within the Executive Deferred Compensation Plan.