Target (NYSE: TGT) director receives 2,682 restricted stock units award

Rhea-AI Filing Summary

Target Corporation director Gail Boudreaux acquired 2,682 shares of common stock on a grant basis, with no purchase price, under the Target Corporation 2020 Long-Term Incentive Plan. This award consists of restricted stock units, including units from dividend equivalents reinvested since her prior filing.

After this compensation-related grant, Boudreaux directly holds 12,192 Target common shares. The transaction reflects routine equity-based director compensation rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BOUDREAUX GAIL

Role Director

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

Holdings After Transaction: Common Stock — 12,192 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^*

BOUDREAUX GAIL

(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	12,192(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 did Target (TGT) director Gail Boudreaux report in this Form 4 filing?

Gail Boudreaux reported receiving 2,682 Target common shares as a grant under the 2020 Long-Term Incentive Plan. These are restricted stock units awarded as part of equity compensation, not shares bought in the open market or sold for cash proceeds.

How many Target (TGT) shares does Gail Boudreaux hold after this transaction?

Following the reported grant, Gail Boudreaux directly holds 12,192 Target common shares. This total reflects her new award of 2,682 restricted stock units plus her prior holdings, as shown in the post-transaction ownership figure in the Form 4 filing.

What type of compensation did Gail Boudreaux receive from Target (TGT)?

She received a grant of restricted stock units representing 2,682 Target common shares under the 2020 Long-Term Incentive Plan. The grant price is listed as $0.00 per share, indicating an equity compensation award rather than an open-market purchase transaction.

What is the Target Corporation 2020 Long-Term Incentive Plan mentioned in the filing?

The 2020 Long-Term Incentive Plan is Target’s equity compensation program under which this restricted stock unit award was granted. It provides stock-based incentives, like these RSUs, to directors and other participants as part of their compensation structure.

Do dividend equivalents affect Gail Boudreaux’s Target (TGT) restricted stock units?

Yes. The filing notes that her holdings include dividend equivalents paid on restricted stock units since her last filing. Those dividend equivalents were reinvested into additional restricted stock units, increasing her overall RSU-based share count reported in this transaction.