Cornell Brian C 4

What Happened Brian C. Cornell, CEO and Director of Target Corporation (TGT), had a performance share unit (PSU) award settle on April 7, 2026, resulting in the issuance of 50,777 shares (acquired at $0.00). To cover tax withholding on the settlement, 21,697 of those shares were withheld/disposed at $120.76 per share, generating approximately $2,620,130. Net shares delivered to Cornell from this settlement were 29,080 (50,777 issued − 21,697 withheld). This was an award settlement (compensation), not an open‑market purchase or a voluntary sale.

Key Details

• Transaction date: April 7, 2026. Filing date: April 9, 2026.
• Award (Code A): 50,777 shares issued at $0.00 (PSU settlement).
• Tax withholding (Code F): 21,697 shares withheld/disposed at $120.76 each, proceeds ≈ $2,620,130.
• Net shares received from the settlement: 29,080.
• Footnotes: (F1) settlement of a PSU award under the Target 2020 Long‑Term Incentive Plan; (F2) shares were withheld to satisfy tax withholding; (F3) separate shares held in the Target 401(k) plan are reported as of March 31, 2026.
• Filing timing: reported on April 9 for the April 7 transaction (no late‑filing indication in the supplied data).

Context This was a routine executive compensation event: PSUs vested and were settled in shares, with a portion withheld to cover taxes (a common practice, effectively a cashless tax withholding). Such award settlements reflect compensation accrual and do not, by themselves, indicate an insider buying or selling stock to express a market view.