BAKER DOUGLAS M JR 4

What Happened

• Douglas M. Baker Jr., a director of Target Corporation (TGT), received an award of 1,676 restricted stock units (RSUs) reported as an acquisition (code A) on March 11, 2026. The filing reports an acquisition price of $0 (typical for RSU grants).

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing).
• Shares/units granted: 1,676 RSUs; reported acquisition price: $0; reported total cash cost: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — RSUs awarded under the Target Corporation 2020 Long-Term Incentive Plan; F2 — includes dividend equivalents reinvested as additional RSUs since the last filing.
• Exhibit included: Exhibit 24 — Power of Attorney.

Context

• This was a compensation grant (RSU award), not an open-market purchase or sale. RSUs typically convert to common shares if/when they vest, and their ultimate value depends on Target’s future stock price. This filing is informational about insider compensation rather than an expressed buy/sell market signal.