Target executive granted 3,634 shares in stock award

Target Corp executive Pratabkumar Vemana reported routine equity compensation activity involving company common stock.

Accepted by SEC EDGAR 04/09/2026 - 04:22 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Target Corp executive Pratabkumar Vemana reported routine equity compensation activity involving company common stock. He acquired 3,634 shares on settlement of a performance share unit award under the Target Corporation 2020 Long-Term Incentive Plan. To cover related tax obligations, 1,166 shares were withheld at an indicated value of $120.76 per share. After these transactions, he directly holds 50,520 shares of Target common stock, reflecting a net increase in his equity stake.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Vemana Pratabkumar

Role Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,634	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,166	$120.76	$141K

Holdings After Transaction: Common Stock — 50,520 shares (Direct)

Holdings Before and After: Common Stock, 48,052 to 50,520 shares (Direct)

Footnotes (2)

1. F1. Acquired pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.
2. F2. Withholding of stock to satisfy tax withholding obligation on settlement of performance share unit award referenced in footnote (1).

Key Figures

Shares acquired via award: 3,634 shares Shares withheld for taxes: 1,166 shares Implied share value for withholding: $120.76 per share +1 more

4 metrics

Shares acquired via award 3,634 shares Common stock from performance share unit settlement on April 7, 2026

Shares withheld for taxes 1,166 shares Tax withholding on award settlement at $120.76 per share

Implied share value for withholding $120.76 per share Used to value 1,166 shares withheld for tax obligations

Shares held after transactions 50,520 shares Direct ownership of Target common stock following Form 4 transactions

Key Terms

performance share unit award, tax withholding obligation, Long-Term Incentive Plan, Grant, award, or other acquisition, +1 more

5 terms

performance share unit award financial

"Acquired pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan."

tax withholding obligation financial

"Withholding of stock to satisfy tax withholding obligation on settlement of performance share unit award referenced in footnote (1)."

Long-Term Incentive Plan financial

"performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan."

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: Payment of exercise price or tax liability by delivering securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Target (TGT) executive Pratabkumar Vemana report?

Target executive Pratabkumar Vemana reported routine equity compensation activity. He received 3,634 shares of common stock from settlement of a performance share unit award, with part of the award withheld in shares to cover tax obligations.

How many Target (TGT) shares did Pratabkumar Vemana acquire in this Form 4?

He acquired 3,634 Target common shares at no cash price to him. The shares were issued upon settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan, representing compensation rather than an open-market purchase.

Why were some of Pratabkumar Vemana’s Target (TGT) shares withheld?

1,166 Target shares were withheld to satisfy tax withholding obligations. This tax-withholding disposition occurred in connection with settlement of the performance share unit award, using shares valued at $120.76 each, rather than cash, to pay the related tax liability.

What is Pratabkumar Vemana’s Target (TGT) shareholding after these transactions?

Following the reported transactions, Vemana directly holds 50,520 Target common shares. This reflects the grant of 3,634 shares from the performance share unit settlement, partially offset by 1,166 shares withheld to cover associated tax obligations on the award.

Was this Target (TGT) Form 4 an open-market buy or sell?

The Form 4 does not show an open-market buy or sell. It records a grant of 3,634 common shares from a performance share unit settlement and a tax-withholding disposition of 1,166 shares, both standard compensation-related transactions rather than market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vemana Pratabkumar

(Last) (First) (Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS MINNESOTA 55403

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TARGET CORP [ TGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/07/2026		A(1)		3,634	A	$0	51,686	D
Common Stock	04/07/2026		F(2)		1,166	D	$120.76	50,520	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Acquired pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.

2. Withholding of stock to satisfy tax withholding obligation on settlement of performance share unit award referenced in footnote (1).

Remarks:

	Miranda S. Hirner, Attorney-In-Fact	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)