Target (NYSE: TGT) exec awarded 30,418 units, 1,952 shares withheld for tax

Rhea-AI Filing Summary

Target Corporation executive Michael J. Fiddelke reported routine equity compensation and related tax withholding. On March 11, 2026, he received an award of 30,418 performance-based restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan, representing the minimum shares deliverable if vesting conditions are met. The award vests three years after the grant date.

On the same date, 1,952 shares of Target common stock were withheld at $119.88 per share to satisfy tax obligations upon vesting of a prior performance-based restricted stock unit award granted on March 10, 2023. After these transactions, Fiddelke directly holds 118,671 shares of Target common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FIDDELKE MICHAEL J

Role Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,418	$0.00	--
Tax Withholding	Common Stock	1,952	$119.88	$234K

Holdings After Transaction: Common Stock — 120,623 shares (Direct)

Footnotes (1)

1. Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date. Includes dividend equivalents paid on performance-based 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 performance-based restricted stock units. Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on March 10, 2023.

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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^*

FIDDELKE MICHAEL J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Officer

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)		30,418	A	$0	120,623(2)	D
Common Stock	03/11/2026		F(3)		1,952	D	$119.88	118,671	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 performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date.

2. Includes dividend equivalents paid on performance-based 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 performance-based restricted stock units.

3. Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on March 10, 2023.

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 insider transactions did Target (TGT) executive Michael Fiddelke report?

Michael J. Fiddelke reported a grant of 30,418 performance-based restricted stock units and a withholding of 1,952 shares for taxes. Both transactions relate to Target’s long-term incentive program rather than open-market buying or selling of shares.

How many Target (TGT) shares did Michael Fiddelke receive in the latest award?

He received an award covering 30,418 performance-based restricted stock units. This figure represents the minimum number of Target shares that will be delivered if the award’s vesting conditions are satisfied after the three-year vesting period from the March 11, 2026 grant date.

When do Michael Fiddelke’s new Target performance-based restricted stock units vest?

The newly granted performance-based restricted stock units vest three years after the March 11, 2026 grant date. Delivery of shares depends on satisfying specified vesting conditions under the Target Corporation 2020 Long-Term Incentive Plan governing this executive compensation award.

Why were 1,952 Target (TGT) shares withheld from Michael Fiddelke?

Target withheld 1,952 shares to satisfy tax withholding obligations upon vesting of a prior performance-based restricted stock unit award. That earlier award was granted under the 2020 Long-Term Incentive Plan and previously reported on March 10, 2023 in an earlier Form 4 filing.

How many Target (TGT) shares does Michael Fiddelke own after these transactions?

Following the grant and tax-related withholding, Michael J. Fiddelke directly owns 118,671 shares of Target common stock. This total reflects his updated direct holdings as reported in the Form 4, combining prior ownership with the new award and the tax-share reduction.

Are Michael Fiddelke’s recent Target (TGT) transactions open-market trades?

No, both transactions are compensation-related. The 30,418 units are a grant of performance-based restricted stock units, and the 1,952-share disposition is tax withholding on a vesting award, not an open-market purchase or sale of Target stock by the executive.