Director at Target (NYSE: TGT) receives 1,791-share equity award

Rhea-AI Filing Summary

Target Corporation director Stephen B. Bratspies received an equity award of 1,791 shares of common stock on an acquired basis. The shares were granted at a price of $0.00 per share as a compensation award rather than a market purchase.

The award is described as restricted stock units granted under the Target Corporation 2020 Long-Term Incentive Plan. Following this grant, Bratspies directly holds 1,791 shares of Target common stock according to the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bratspies Stephen B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,791	$0.00	--

Holdings After Transaction: Common Stock — 1,791 shares (Direct)

Footnotes (1)

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Key Figures

Equity award size: 1,791 shares Grant price: $0.00 per share Holdings after grant: 1,791 shares

3 metrics

Equity award size 1,791 shares Common Stock granted to director on April 1, 2026

Grant price $0.00 per share Award of common stock as compensation, not market purchase

Holdings after grant 1,791 shares Total Target common stock directly held by Stephen B. Bratspies after transaction

Key Terms

restricted stock units, Long-Term Incentive Plan, Form 4

3 terms

restricted stock units financial

"Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Long-Term Incentive Plan financial

"Award of restricted stock units pursuant to 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 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Bratspies Stephen B

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A(1)		1,791	A	$0	1,791	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.

Remarks:

	Miranda S. Hirner, Attorney-In-Fact	04/03/2026
	** 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)

FAQ

What insider transaction did Target (TGT) report for Stephen B. Bratspies?

Target reported that director Stephen B. Bratspies received an equity award of 1,791 shares of common stock. The shares were granted at $0.00 per share as a compensation award, not bought in the open market, and are linked to restricted stock units.

How many Target (TGT) shares does Stephen B. Bratspies hold after this Form 4?

After the reported transaction, Stephen B. Bratspies directly holds 1,791 shares of Target common stock. This entire position reflects the newly granted shares from the award, as the total shares following the transaction equal the 1,791 shares acquired in this filing.

What type of award did Stephen B. Bratspies receive from Target (TGT)?

Stephen B. Bratspies received an award of restricted stock units tied to Target common stock. The footnote explains the grant was made under the Target Corporation 2020 Long-Term Incentive Plan, reflecting equity-based compensation rather than a cash or open-market stock purchase.

Was cash paid for the Target (TGT) shares reported in this Form 4?

No cash was paid for the reported Target shares. The Form 4 shows 1,791 common shares acquired at a price of $0.00 per share, indicating a grant or award of equity compensation rather than a traditional purchase transaction in the open market.

What plan governs the equity award reported for Target (TGT) director Stephen B. Bratspies?

The equity award is governed by the Target Corporation 2020 Long-Term Incentive Plan. The filing’s footnote states that the 1,791 units represent an award of restricted stock units granted pursuant to this plan, which is used to deliver long-term, stock-based compensation to participants.

Is the Target (TGT) Form 4 transaction a buy or a compensation grant?

The transaction is a compensation grant, not an open-market buy. The Form 4 uses transaction code “A” for an award or other acquisition and shows a $0.00 price, with a footnote clarifying it is an award of restricted stock units under Target’s long-term incentive plan.