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TARGET CORP·4

Apr 9, 4:23 PM ET

FIDDELKE MICHAEL J 4

Research Summary

AI-generated summary

Updated

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).