Target (NYSE: TGT) CAO granted 3,688 shares under 2020 incentive plan

Rhea-AI Filing Summary

LIEGEL MATTHEW A reported acquisition or exercise transactions in this Form 4 filing.

Target Corp Chief Accounting Officer Matthew A. Liegel reported an award of 3,688 shares of common stock on March 11, 2026, coded as a grant or award. The footnote explains this was an award of restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan, reflecting equity-based compensation rather than an open-market purchase. Following this transaction, his directly held common stock position increased to 14,813 shares.

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

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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^*

LIEGEL MATTHEW A

(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)
	Chief Accounting 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)		3,688	A	$0	14,813	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	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Target (TGT) report for Matthew A. Liegel?

Target’s Chief Accounting Officer Matthew A. Liegel reported receiving 3,688 shares of common stock on March 11, 2026. The transaction was coded as a grant or award, reflecting equity compensation rather than a market trade.

How many Target (TGT) shares were granted to the Chief Accounting Officer?

Matthew A. Liegel was granted 3,688 shares of Target common stock. This equity award was reported with a per-share transaction price of $0.0000, indicating it was compensation, not a cash purchase in the open market.

What are Matthew A. Liegel’s Target (TGT) holdings after this Form 4 grant?

After the award, Matthew A. Liegel directly holds 14,813 shares of Target common stock. This figure, reported in the Form 4, reflects his updated direct ownership position immediately following the equity grant on March 11, 2026.

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

No. The Form 4 identifies the transaction with code “A” for a grant or award, not a purchase. The footnote clarifies it was an award of restricted stock units under Target’s 2020 Long-Term Incentive Plan, typical of executive compensation.

Under which plan was the Target (TGT) equity award to the CAO granted?

The award is described as restricted stock units granted under the Target Corporation 2020 Long-Term Incentive Plan. This plan is used to deliver long-term, share-based compensation to executives, aligning their interests with the company’s shareholders.