Target (TGT) director Grace Puma Whiteford receives 1,676-share equity award

Rhea-AI Filing Summary

Whiteford Grace Puma reported acquisition or exercise transactions in this Form 4 filing.

Target Corp director Grace Puma Whiteford received a grant of 1,676 shares of Target common stock on March 11, 2026. The shares were awarded at no cash cost to her as restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan.

After this award, she directly holds 8,283 Target shares. The position includes dividend equivalents on previously granted restricted stock units that were reinvested into additional restricted stock units since her prior filing, highlighting ongoing equity-based compensation rather than open-market buying.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Whiteford Grace Puma

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,676	$0.00	--

Holdings After Transaction: Common Stock — 8,283 shares (Direct)

Footnotes (1)

1. Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

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^*

Whiteford Grace Puma

(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)

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

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)		1,676	A	$0	8,283(2)	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.

2. Includes dividend equivalents paid on restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

Remarks:

Exhibit 24 - Power of Attorney

	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.
* 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.

FAQ

What did Grace Puma Whiteford report in this Target (TGT) Form 4?

Grace Puma Whiteford reported receiving 1,676 Target common shares as an equity award. The shares were granted as restricted stock units under Target’s 2020 Long-Term Incentive Plan, reflecting routine director compensation rather than an open-market stock purchase.

How many Target (TGT) shares does Grace Puma Whiteford now hold?

Following the reported award, Grace Puma Whiteford directly holds 8,283 Target shares. This total includes shares underlying restricted stock units and additional units created from dividend equivalents since her last filing, demonstrating cumulative equity-based compensation over time.

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

No cash was paid for these shares; the reported price per share is 0.0000. The 1,676 Target shares were granted as restricted stock units under the company’s long-term incentive plan, representing non-cash compensation rather than a market transaction.

What plan governed Grace Puma Whiteford’s Target (TGT) share award?

The award was made under the Target Corporation 2020 Long-Term Incentive Plan. The filing notes that the transaction represents restricted stock units granted pursuant to this plan, which is used to deliver long-term, equity-based compensation to eligible participants.

How are dividend equivalents treated on Grace Puma Whiteford’s Target (TGT) RSUs?

Dividend equivalents on her restricted stock units are paid and reinvested into additional units. The filing explains that the reported holdings include dividend equivalents accrued since her last filing, which have been converted into more restricted stock units tied to Target shares.