EDWARDS ROBERT L 4

What Happened
Robert L. Edwards, a director of Target Corporation, received an award of 1,676 restricted stock units (RSUs) on March 11, 2026. The Form 4 reports the acquisition as an award (transaction code A) with an acquisition price of $0 — this is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (filed within the typical 2-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 1,676 RSUs; reported acquisition price: $0.
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 — Award made under the Target Corporation 2020 Long-Term Incentive Plan. F2 — Includes dividend equivalents paid on RSUs since the filer’s last report that were reinvested into additional RSUs.
• Remarks: Exhibit 24 (Power of Attorney) included.

Context
RSU awards are typically part of executive/director compensation and generally vest over time; they do not represent an immediate cash purchase or sale of stock. Dividend equivalents reinvested into additional RSUs increase the RSU count but are also compensation-related. For assessment, retail investors should review the company’s proxy/filings for vesting terms and total insider holdings rather than treating awards alone as a bullish or bearish signal.