Cornell Brian C 4
4 · TARGET CORP · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Target (TGT) Executive Brian Cornell Sells 50,000 Shares
What Happened
Brian C. Cornell (Executive Officer, Director) sold a total of 50,000 Target (TGT) shares in open-market transactions on May 27, 2026. The dispositions consisted of 49,000 shares at a volume-weighted average price of $129.84 (reported value $6,362,077) and 1,000 shares at a volume-weighted average price of $130.55 (reported value $130,546), for aggregate proceeds of $6,492,623. These were sales (code S), not purchases.
Key Details
- Transaction date: May 27, 2026; filing date: May 28, 2026 (timely filing).
- Prices reported: 49,000 shares VWAP $129.84 (actual prices ranged $129.45–$130.42); 1,000 shares VWAP $130.55 (actual prices ranged $130.48–$130.61). Reporting person will provide per-price breakdown on request (footnotes F1, F3).
- Shares owned after transaction: not specified in the excerpt provided.
- Notable footnotes: F2 notes 46,817 shares previously reported as directly owned were transferred to a revocable living trust (Cornell and spouse as trustees); F4 notes shares held in the Target 401(k) plan per the March 31, 2026 statement.
- Transaction type: open-market sales (routine dispositions), not an option exercise, gift, or award.
Context
Sales by executives can be routine (cash needs, diversification, or trust/estate planning) and do not on their own indicate company outlook. Footnotes indicate some shares were moved into a revocable living trust (a non-sale transfer) and the filing includes VWAP ranges rather than per-lot prices, with the filer offering to disclose exact per-price counts on request. Purchases are generally considered more informative about insider sentiment than routine sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-27$129.84/sh−49,000$6,362,077→ 194,270 total(indirect: By Trust) - Sale
Common Stock
[F3]2026-05-27$130.55/sh−1,000$130,546→ 193,270 total(indirect: By Trust)
- 133,506
Common Stock
- 495.939(indirect: By 401(k))
Common Stock
[F4]
Footnotes (4)
- [F1]Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $129.4500 to $130.4200. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F2]Includes 46,817 shares previously reported as directly owned but transferred by the reporting person to a revocable living trust, of which the reporting person and his spouse are trustees and in which the reporting person has a beneficial interest.
- [F3]Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $130.4800 to $130.6100. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]Shares held in the Target Corporation 401(k) Plan based on the plan statement as of March 31, 2026.