What plan governed the performance share unit award reported by Target (TGT)?

The award was granted under the Target Corporation 2020 Long-Term Incentive Plan. Under this plan, eligible executives can receive performance share units that settle in common stock based on company performance and vesting conditions, forming part of long-term compensation.

Target (NYSE: TGT) executive granted shares, portion withheld for taxes

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Target Corp executive Melissa K. Kremer reported equity compensation activity involving company common stock. She acquired 7,259 shares through settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan, then had 3,088 shares withheld to cover tax obligations on that settlement. After these transactions, she directly holds 72,145 Target shares, reflecting a routine compensation-related award with associated tax withholding rather than an open-market trade.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kremer Melissa K

Role Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,259	$0.00	--
Tax Withholding	Common Stock	3,088	$120.76	$373K

Holdings After Transaction: Common Stock — 75,233 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 granted: 7,259 shares Shares withheld for taxes: 3,088 shares Tax withholding price: $120.76 per share +1 more

4 metrics

Shares granted 7,259 shares Performance share unit settlement on 2026-04-07

Shares withheld for taxes 3,088 shares Tax withholding at $120.76 per share

Tax withholding price $120.76 per share Value used for 3,088-share tax withholding

Shares held after transactions 72,145 shares Direct ownership after 2026-04-07 Form 4 events

Key Terms

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

3 terms

tax withholding obligation financial

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

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.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 04:23 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^*

Kremer Melissa K

(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⁾		7,259	A	$0	75,233	D
Common Stock	04/07/2026		F⁽²⁾		3,088	D	$120.76	72,145	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 Melissa Kremer report in this Form 4?

She reported equity compensation activity, receiving 7,259 Target common shares from a performance share unit settlement, with 3,088 shares withheld for taxes. These are compensation and tax events, not open-market stock purchases or sales.

How many Target (TGT) shares did Melissa Kremer acquire in this transaction?

She acquired 7,259 Target common shares through settlement of a performance share unit award. This award was granted under the Target Corporation 2020 Long-Term Incentive Plan and reflects stock-based compensation rather than a cash purchase on the open market.

Why were 3,088 Target (TGT) shares withheld from Melissa Kremer?

3,088 shares were withheld to satisfy tax withholding obligations tied to the settlement of the performance share unit award. This tax-related disposition is a standard mechanism for covering payroll taxes on stock-based compensation, not a discretionary sale into the market.

What is Melissa Kremer’s Target (TGT) shareholding after these transactions?

After the grant and tax withholding, she directly holds 72,145 Target common shares. This figure reflects her updated direct ownership position reported in the Form 4 and incorporates both the performance award settlement and the tax-share withholding.

Was there any open-market buying or selling of Target (TGT) stock by Melissa Kremer?

No open-market trades were reported. The filing shows a grant of 7,259 shares from a performance share unit settlement and a 3,088-share tax withholding. Both are compensation-related events rather than discretionary market purchases or sales.