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Target (TGT) executive Grant B. McGee granted performance and time-based stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Target Corporation executive Grant B. McGee reported equity awards of common stock-based units as compensation. On June 30, 2026, he acquired 15,282 performance-based restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan. This amount is the minimum number of shares deliverable after vesting conditions are met and the award vests three years after the grant date.

He also received a separate award of 4,127 restricted stock units under the same 2020 Long-Term Incentive Plan. Following the first award, his direct common stock holdings were reported as 19,409 shares. These are compensation-related grants, not open‑market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider McGee Grant B
Role Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 4,127 $0.00 --
Grant/Award Common Stock 15,282 $0.00 --
Holdings After Transaction: Common Stock — 4,127 shares (Direct, null)
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. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
Performance-based RSUs granted 15,282 units Award of performance-based restricted stock units, June 30, 2026
Restricted stock units granted 4,127 units Award of restricted stock units, June 30, 2026
Shares owned after award 19,409 shares Direct common stock holdings following performance-based award
Grant price per share $0.00 per share Reported for both common stock-related awards
performance-based restricted stock units financial
"Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
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.
Target Corporation 2020 Long-Term Incentive Plan financial
"Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan."
vesting conditions financial
"Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions."
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
McGee Grant 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026A(1)4,127A$04,127D
Common Stock06/30/2026A(2)15,282A$019,409D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
Remarks:
Miranda S. Hirner, Attorney-In-Fact07/01/2026
** Signature of Reporting PersonDate
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 insider transaction did Grant B. McGee report for TARGET CORP (TGT)?

Grant B. McGee reported receiving equity awards tied to Target common stock. He acquired 15,282 performance-based restricted stock units and 4,127 restricted stock units as compensation under Target’s 2020 Long-Term Incentive Plan, rather than buying shares on the open market.

How many Target (TGT) shares does Grant B. McGee hold after the reported Form 4 transactions?

After the performance-based award, Grant B. McGee directly held 19,409 shares of Target common stock. This figure reflects his reported direct ownership following the grant and helps investors gauge the size of his equity stake relative to the new awards received.

What are the terms of Grant B. McGee’s performance-based restricted stock units at Target (TGT)?

The performance-based restricted stock units total 15,282 shares at minimum delivery. They were granted under Target’s 2020 Long-Term Incentive Plan and will vest three years after the grant date, subject to satisfaction of specified vesting and performance conditions described in the plan.

What additional restricted stock unit award did Grant B. McGee receive from Target (TGT)?

Beyond the performance-based grant, Grant B. McGee received an award of 4,127 restricted stock units. These units were also granted pursuant to Target’s 2020 Long-Term Incentive Plan, representing additional stock-based compensation rather than a cash salary payment or market purchase.

Are Grant B. McGee’s reported Target (TGT) awards open-market purchases or compensation grants?

The reported transactions are compensation grants, not open-market purchases. Both awards, including performance-based restricted stock units and restricted stock units, were issued at a reported price of $0.00 per share under Target’s 2020 Long-Term Incentive Plan as part of his executive compensation.