Target (NYSE: TGT) executive granted shares, some withheld for tax

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Target Corporation executive Cara A. Sylvester reported routine equity compensation activity. On a settlement date of April 7, she acquired 5,809 shares of Target common stock through a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.

On the same date, 1,983 Target shares were disposed of at $120.76 per share to satisfy the related tax withholding obligation. After these transactions, she directly held 55,930 Target common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SYLVESTER CARA A

Role Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,809	$0.00	--
Tax Withholding	Common Stock	1,983	$120.76	$239K

Holdings After Transaction: Common Stock — 57,913 shares (Direct)

Footnotes (1)

Acquired pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan. 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: 5,809 shares Shares withheld for taxes: 1,983 shares Tax withholding price: $120.76 per share +1 more

4 metrics

Shares acquired via award 5,809 shares Settlement of performance share unit award on April 7, 2026

Shares withheld for taxes 1,983 shares Tax withholding disposition at settlement of award

Tax withholding price $120.76 per share Value used for 1,983-share tax-withholding disposition

Shares held after transactions 55,930 shares Direct Target common stock ownership after April 7, 2026

Key Terms

performance share unit award, Long-Term Incentive Plan, tax withholding obligation

3 terms

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.

tax withholding obligation financial

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

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:22 PM

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^*

SYLVESTER CARA A

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/07/2026		A⁽¹⁾		5,809	A	$0	57,913	D
Common Stock	04/07/2026		F⁽²⁾		1,983	D	$120.76	55,930	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Target (TGT) executive Cara A. Sylvester report in this Form 4 filing?

Cara A. Sylvester reported equity compensation activity involving Target common stock. She acquired 5,809 shares through settlement of a performance share unit award, with a portion of those shares withheld to cover tax obligations, and ended holding 55,930 shares directly.

How many Target (TGT) shares did Cara A. Sylvester acquire in the reported transaction?

She acquired 5,809 shares of Target common stock. These shares were received pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan, as described in the filing footnotes.

Why were some of Cara A. Sylvester’s Target (TGT) shares disposed of in this Form 4?

1,983 Target shares were disposed of to satisfy tax withholding obligations. The filing notes this withholding was tied to settlement of the performance share unit award, meaning shares were delivered to cover required taxes rather than sold in an open-market trade.

At what price were the withheld Target (TGT) shares valued in the Form 4 transaction?

The 1,983 shares withheld for tax obligations were valued at $120.76 per share. This price reflects the value used for the tax-withholding disposition reported in the filing, not an open-market purchase or sale by the executive.

How many Target (TGT) shares does Cara A. Sylvester hold after these transactions?

After the reported grant and tax-withholding disposition, Cara A. Sylvester directly holds 55,930 Target common shares. This balance reflects her position following the settlement of the performance share unit award and related share withholding.

Was this Target (TGT) Form 4 an open-market stock purchase or sale by the executive?

No, the filing shows a grant and tax withholding, not open-market trading. Shares were acquired through settlement of a performance share unit award and a portion was withheld to pay taxes, which differs from discretionary buying or selling on the market.