FIDDELKE MICHAEL J 4
4 · TARGET CORP · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Target (TGT) Exec Michael J. Fiddelke Receives Award; 5,131 Shares Withheld
What Happened
Michael J. Fiddelke, an executive officer of Target Corporation (TGT), received 11,250 shares on April 7, 2026 pursuant to the settlement of a performance share unit (PSU) award. To satisfy the tax withholding on that settlement, 5,131 shares were withheld at an implicit value of $120.76 per share, totaling $619,620. Net shares retained from the settlement: 6,119 (11,250 granted − 5,131 withheld).
Key Details
- Transaction date: 2026-04-07; Form 4 filed: 2026-04-09 (timely filing).
- Award/acquisition: 11,250 shares acquired at $0.00 (code A) — settlement of PSUs under Target’s 2020 Long-Term Incentive Plan.
- Tax withholding: 5,131 shares disposed/withheld at $120.76 per share for taxes (code F) — proceeds ≈ $619,620.
- Net shares received from this settlement: 6,119 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: (1) Shares from PSU settlement; (2) Withholding used to satisfy tax obligations on that settlement.
Context
This was a routine settlement of long-term incentive PSUs with shares withheld to cover tax withholding — an administrative step common after equity award vesting, not an open-market sale or purchase signal. The filing shows no open-market purchase or discretionary sale (no 10b5-1 plan indicated).
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-07+11,250→ 129,921 total - Tax Payment
Common Stock
[F2]2026-04-07$120.76/sh−5,131$619,620→ 124,790 total
Footnotes (2)
- [F1]Acquired pursuant to the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.
- [F2]Withholding of stock to satisfy tax withholding obligation on settlement of performance share unit award referenced in footnote (1).