Target (TGT) director Donald Knauss awarded 1,676-share equity grant and boosts holdings

Rhea-AI Filing Summary

KNAUSS DONALD R reported acquisition or exercise transactions in this Form 4 filing.

Target Corp director Donald R. Knauss received a grant of 1,676 shares of common stock on March 11, 2026, as a compensation award under the Target Corporation 2020 Long-Term Incentive Plan. The shares were granted at no cash cost to him, reflecting equity-based compensation rather than an open-market purchase.

Following this award, he directly holds 25,030 Target common shares and indirectly holds 13,044.595 shares through a trust and a dividend reinvestment plan. The filing also notes that dividend equivalents on prior restricted stock units and dividends in a brokerage dividend reinvestment plan have been reinvested into additional shares over time.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KNAUSS DONALD R

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 — 13,044.595 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. Includes shares acquired through a dividend reinvestment plan in a brokerage account since the date of the reporting person's last filing through the date of the reported transaction.

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^*

KNAUSS DONALD R

(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								13,044.595(3)	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.

3. Includes shares acquired through a dividend reinvestment plan in a brokerage account since the date of the reporting person's last filing through the date of the reported transaction.

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 Donald R. Knauss report in his latest Form 4 for TGT?

Donald R. Knauss reported receiving 1,676 Target common shares as an equity grant. The award was made under Target’s 2020 Long-Term Incentive Plan and carried a zero cash purchase price, reflecting stock-based compensation rather than an open-market transaction.

How many Target (TGT) shares does Donald R. Knauss hold after this transaction?

After the reported grant, Donald R. Knauss directly holds 25,030 Target common shares. He also has 13,044.595 additional shares held indirectly through a trust and a dividend reinvestment arrangement, according to the holding information included in the filing.

Was the Target (TGT) Form 4 transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. The Form 4 shows a grant of 1,676 shares at a per-share price of 0.0000, reflecting a compensation award of restricted stock units under Target’s 2020 Long-Term Incentive Plan rather than a cash-funded buy.

What plan governed Donald R. Knauss’s equity award reported for Target (TGT)?

The equity award was granted pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Footnotes specify it as an award of restricted stock units, aligning with Target’s long-term compensation framework for directors and tying part of compensation to company equity performance.

How are dividends treated on Donald R. Knauss’s Target (TGT) restricted stock units?

Dividends on his restricted stock units are paid as dividend equivalents and reinvested into additional restricted stock units. The filing notes that these reinvestments have occurred since his last report through the transaction date, increasing his equity-based compensation position over time.

What does the Form 4 say about Donald R. Knauss’s indirect Target (TGT) holdings?

The Form 4 shows 13,044.595 Target common shares held indirectly by a trust. Footnotes also indicate additional shares acquired through a dividend reinvestment plan in a brokerage account, reflecting automatic reinvestment of cash dividends into more Target shares.