Target director awarded 2,682 restricted stock units

Rice Derica W reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Rice Derica W reported acquisition or exercise transactions in this Form 4 filing.

Target Corporation director Derica W. Rice reported receiving an award of 2,682 shares of Target common stock on March 11, 2026. The award was granted as restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan.

Following this grant and associated dividend-equivalent units, Rice directly holds a total of 14,622 Target common shares, reflecting routine equity-based compensation rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 2,682 shares

Grant/Award 1 txn

Insider Rice Derica W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,682	$0.00	$0.00

Holdings After Transaction: Common Stock — 14,622 shares (Direct)

Footnotes (2)

1. F1. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
2. F2. 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.

FAQ

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What insider transaction did Target (TGT) director Derica W. Rice report?

Derica W. Rice reported receiving an award of 2,682 Target common shares as restricted stock units. The grant was made under Target’s 2020 Long-Term Incentive Plan and represents equity compensation, not an open-market purchase or sale.

How many Target (TGT) shares does Derica W. Rice hold after this grant?

After the reported award, Derica W. Rice directly holds 14,622 shares of Target common stock. This total includes restricted stock units and dividend equivalents that have been reinvested into additional units since her prior filing.

Was Derica W. Rice’s Target (TGT) transaction an open-market buy or sell?

No, the transaction was not an open-market buy or sell. It was a grant of 2,682 restricted stock units at a price of $0.00 per share, categorized as a compensation-related award under Target’s long-term incentive plan.

What plan governed Derica W. Rice’s restricted stock unit award at Target (TGT)?

The restricted stock unit award to Derica W. Rice was made under the Target Corporation 2020 Long-Term Incentive Plan. This plan provides equity-based compensation to directors and executives to align their interests with long-term shareholder value.

Do Derica W. Rice’s Target (TGT) holdings include dividend equivalents?

Yes. Her reported holdings include dividend equivalents on restricted stock units since her last filing. Those dividend equivalents have been reinvested as additional restricted stock units, increasing the total share count she now directly reports.

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

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Accepted by SEC EDGAR 03/13/2026 - 03:10 PM Learn about SEC filing dates

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^*

Rice Derica W

(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)		2,682	A	$0	14,622(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.