Target executive receives new stock unit awards
Target Corporation executive Grant B. McGee reported equity awards of common stock-based units as compensation.
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 Trade Summary
Grant/Award: 19,409 shares
Grant/Award
2 txns
Insider
McGee Grant B
Role
Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,127 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 15,282 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 19,409 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
Key Figures
Performance-based RSUs granted: 15,282 units
Restricted stock units granted: 4,127 units
Shares owned after award: 19,409 shares
+1 more
4 metrics
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
Key Terms
performance-based restricted stock units, restricted stock units, Target Corporation 2020 Long-Term Incentive Plan, vesting conditions
4 terms
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
