Director at Target (NYSE: TGT) receives 3,101-share equity award

Rhea-AI Filing Summary

LEAHY CHRISTINE A reported acquisition or exercise transactions in this Form 4 filing.

Target Corp director Christine A. Leahy reported an equity award of 3,101 shares of Common Stock on a Form 4. The transaction is coded as a grant or award at a price of $0.00 per share, reflecting stock-based compensation rather than an open-market purchase or sale.

Footnotes describe this as an award of restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan, including dividend equivalents that were reinvested into additional units. Following this grant, Leahy’s directly owned position increased to 14,117 shares, indicating a relatively modest, routine director compensation grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LEAHY CHRISTINE A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,101	$0.00	--

Holdings After Transaction: Common Stock — 14,117 shares (Direct)

Footnotes (1)

1. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

Form 4 Insider Transactions: What Each Field Means →

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^*

LEAHY CHRISTINE A

(Last) (First) (Middle)

1000 NICOLLET MALL

(Street)

MINNEAPOLIS MN 55403

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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

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

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

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	03/11/2026		A(1)		3,101	A	$0	14,117(2)	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. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.

2. Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

Remarks:

Exhibit 24 - Power of Attorney

	Miranda S. Hirner, Attorney-In-Fact	03/13/2026
	** 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.

FAQ

What insider transaction did Christine A. Leahy report for TGT?

Christine A. Leahy reported an acquisition of Target Corp Common Stock as a compensation grant. The Form 4 shows a single award of 3,101 shares, classified as a grant or award rather than an open-market trade, reflecting stock-based director compensation.

How many Target (TGT) shares were granted in this Form 4 filing?

The filing reports a grant of 3,101 shares of Target Corp Common Stock. This equity award is coded as a grant or award at a price of $0.00 per share, indicating it was received as compensation, not purchased in the market with cash.

What is Christine A. Leahy’s total Target (TGT) share ownership after the award?

After the reported grant, Christine A. Leahy directly owns 14,117 Target Corp shares. This total reflects the new 3,101-share award plus her existing holdings, giving investors a clearer picture of her current direct equity stake in the company.

Was the TGT insider transaction a market buy or sell?

The transaction was neither a market buy nor a sale; it was a grant. The Form 4 classifies the code as a grant, award, or other acquisition at $0.00 per share, meaning the director received shares as part of compensation instead of trading them on the open market.

What plan governed the equity award reported for Target (TGT)?

The equity grant was made under the Target Corporation 2020 Long-Term Incentive Plan. Footnotes explain it as an award of restricted stock units, including dividend equivalents that were reinvested into additional units, aligning director compensation with long-term shareholder interests.

Do dividend equivalents affect the Target (TGT) award reported?

Yes, dividend equivalents are included in the reported position. A footnote states that dividend equivalents paid on restricted stock units since the prior filing date were reinvested into additional units, which are included in the total reflected in this Form 4 transaction report.