Target Corporation faces a shareholder proposal (Item 6) asking the board to report on the presence of pesticides in Target’s private‑label brands and efforts to quantify and reduce them. The proposal, supported by Trillium and several institutional proponents, urges disclosure of pesticide measurement, reduction targets, and supplier verification, citing supply‑chain, regulatory, reputational, and health risks and noting competitors with timebound IPM commitments. The proponents reference Target’s 1 million acres soil‑health goal and argue current disclosures lack quantitative pesticide metrics and supplier baseline assessments. Shareholders are asked to vote FOR Item 6 at the Annual Meeting on June 10, 2026.
Vanguard Capital Management reports beneficial ownership of 34,035,678 shares of Target Corp common stock, representing 7.51% of the class. The filing states Vanguard Capital Management has sole dispositive power over 34,035,678 shares and sole voting power over 4,627,750 shares. The filing lists affiliated investment management entities and is signed by the Head of Global Fund Administration on 04/30/2026.
Target Corporation has issued its 2026 proxy statement for the virtual Annual Meeting on June 10, 2026, outlining key governance and voting matters. Shareholders will vote on electing 12 directors, ratifying Ernst & Young as auditor, an advisory Say on Pay vote, and approving an amended 2020 Long-Term Incentive Plan.
The proxy describes a major leadership transition: Michael J. Fiddelke became CEO on February 1, 2026, while Brian C. Cornell moved to Executive Chair. Christine A. Leahy continues as Lead Independent Director, with clearly defined independent oversight responsibilities.
The Board highlights its governance framework, including annual director elections under a majority voting standard, proxy access (3% for three years), a 10% special meeting threshold, tenure and retirement policies, and fully independent committees. Three long-serving directors will step down at the 2026 meeting, while two new independent directors, Stephen Bratspies and John Hoke III, join the Board, supporting ongoing refreshment and a mix of retail, design, technology, and financial expertise.
Target Corporation Chief Accounting Officer Matthew A. Liegel reported a discretionary transaction involving 3,425.8308 deferred compensation units indexed to Target common stock at a reference value of $116.76 per unit. These units are part of the company’s Executive Deferred Compensation Plan and are economically equivalent to the same number of Target common shares.
After this transaction, Liegel holds 7,134.7280 deferred compensation units tied to Target stock under the plan. The balances are unsecured general obligations of Target and will be paid solely in cash based on plan investment performance. This amendment corrects the number of units previously reported and reflects investment earnings and losses since a prior filing.
Target Corporation executive Michael J. Fiddelke reported routine equity compensation activity. He acquired 11,250 shares of Target common stock on April 7, 2026 at a stated price of $0.00 per share, reflecting the settlement of a performance share unit award under the Target Corporation 2020 Long-Term Incentive Plan.
On the same date, 5,131 shares were disposed of at $120.76 per share to satisfy the related tax withholding obligation. After these transactions, Fiddelke directly owned 124,790 shares of Target common stock. The filing reflects compensation and tax withholding mechanics rather than open-market buying or selling.
Target Corp executive Melissa K. Kremer reported equity compensation activity involving company common stock. She acquired 7,259 shares through settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan, then had 3,088 shares withheld to cover tax obligations on that settlement. After these transactions, she directly holds 72,145 Target shares, reflecting a routine compensation-related award with associated tax withholding rather than an open-market trade.
Target Corp Chief Accounting Officer Matthew A. Liegel received 1,337 shares of Target common stock on settlement of a performance share unit award under the Target Corporation 2020 Long-Term Incentive Plan. To cover related tax obligations, 411 shares were withheld at a value of $120.76 per share.
After these compensation-related entries, Liegel directly holds 13,069 shares of Target common stock. The disposition reflects stock withheld for taxes rather than an open-market sale, making this a routine equity compensation and tax-settlement event.
Target Corp executive Lisa R. Roath received 2,443 shares of common stock on settlement of a performance share unit award under the Target Corporation 2020 Long-Term Incentive Plan. These shares were granted at no cash cost to her.
To cover related tax obligations, 751 shares were withheld at $120.76 per share, a non‑market tax-withholding disposition rather than an open-market sale. After these compensation-related transactions, Roath directly holds 42,164 Target shares, reflecting a net increase of 1,692 shares.
Target Corp executive Brian C. Cornell reported compensation-related stock activity with no open-market trades. He received 50,777 shares of common stock on April 7, 2026 from the settlement of a performance share unit award under Target’s 2020 Long-Term Incentive Plan. To cover tax obligations on this settlement, 21,697 shares were withheld at $120.76 per share. After these transactions, he directly owned 180,323 Target shares, in addition to indirect holdings of 495.9387 shares in the Target 401(k) Plan and 196,453 shares held by a trust.