Target (NYSE: TGT) director gets 1,676-share equity grant

Rhea-AI Filing Summary

EDWARDS ROBERT L reported acquisition or exercise transactions in this Form 4 filing.

Target Corp director Robert L. Edwards received an equity grant, not an open-market trade. He was awarded 1,676 shares of common stock on March 11, 2026 as a grant under the Target Corporation 2020 Long-Term Incentive Plan. After this grant, he holds 25,030 shares directly and 10,000 shares indirectly through a trust. Footnotes indicate the award includes dividend equivalents on previously granted restricted stock units that were reinvested in additional units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider EDWARDS ROBERT L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,676	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 25,030 shares (Direct); Common Stock — 10,000 shares (Indirect, By Trust)

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^*

EDWARDS ROBERT L

(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)		1,676	A	$0	25,030(2)	D
Common Stock								10,000	I	By Trust

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 did Target (TGT) director Robert L. Edwards report in this Form 4?

Director Robert L. Edwards reported receiving 1,676 Target common shares as an equity grant on March 11, 2026. The award was made under Target’s 2020 Long-Term Incentive Plan and reflects compensation, not an open-market purchase or sale of stock.

Is Robert L. Edwards buying or selling Target (TGT) stock in this filing?

The filing shows an equity grant, not a stock purchase or sale. Edwards received 1,676 shares as a compensation award, with no price paid per share, so this is not an open-market transaction and does not reflect trading activity in Target stock.

How many Target (TGT) shares does Robert L. Edwards own after this grant?

Following the March 11, 2026 grant, Edwards holds 25,030 Target shares directly. He also has 10,000 shares reported as indirectly owned through a trust, giving investors a clearer view of his total reported Target equity exposure in this filing.

What plan governs the stock grant reported by Target (TGT) director Edwards?

The award was made under the Target Corporation 2020 Long-Term Incentive Plan. Footnotes describe it as an award of restricted stock units, including dividend equivalents reinvested since his last filing through the reported transaction date, reinforcing that this is compensation-related equity.

What are the dividend equivalents mentioned in the Target (TGT) Form 4 footnote?

Dividend equivalents are cash amounts tied to dividends on underlying shares, credited on restricted stock units. In this case, they were reinvested into additional restricted stock units, increasing Edwards’ reported award beyond just the base grant under the long-term incentive plan.