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TARGET CORP·4

Mar 13, 3:43 PM ET

SYLVESTER CARA A 4

4 · TARGET CORP · Filed Mar 13, 2026

Research Summary

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Target (TGT) Exec Cara A. Sylvester Receives RSUs, Withholds 1,010 Shares

What Happened
Cara A. Sylvester, an executive officer of Target Corporation (TGT), received two awards of restricted stock units (RSUs) on March 11, 2026: 16,759 shares (award) and 8,799 performance-based RSUs (minimum payout reported). On the same date 1,010 shares were withheld to satisfy tax withholding obligations at $119.88 per share, a withholding value of about $121,079. The grant transactions were recorded at $0.00 per share because these were compensation awards, not open-market purchases.

Key Details

  • Transaction date: March 11, 2026 (Form filed March 13, 2026) — appears filed within the standard two-business-day window.
  • Awards: 16,759 RSUs (F1) and 8,799 performance-based RSUs (F3; amount reported is the minimum deliverable; vests in 3 years).
  • Withholding: 1,010 shares withheld (F4) to satisfy tax liability on vesting; price for withholding listed at $119.88, total ~$121,079 (code F = tax withholding).
  • Dividend equivalents: Additional dividend equivalents on PSUs were reinvested into additional PSUs (F2).
  • Shares owned after transaction: Not specified in the provided filing.
  • Exhibit: Exhibit 24 — Power of Attorney included.

Context

  • These were compensation awards (A = award/grant). RSU and performance-RSU grants are routine executive compensation and not the same as an open-market purchase (which could signal bullishness) or a voluntary sale.
  • The 1,010-share disposition is a tax-withholding event (common when RSUs vest) rather than an outright sale for investment purposes.
  • Performance RSUs reported at the minimum payout reflect target-level achievement; final shares delivered may be higher or lower depending on future performance and time-based vesting.

Insider Transaction Report

Form 4
Period: 2026-03-11
TARGET CORPTGT
SYLVESTER CARA A
Executive Officer
Transactions
  • Award

    Common Stock

    [F1][F2]
    2026-03-11+16,759→ 44,315 total
  • Award

    Common Stock

    [F3]
    2026-03-11+8,799→ 53,114 total
  • Tax Payment

    Common Stock

    [F4]
    2026-03-11$119.88/sh−1,010$121,079→ 52,104 total
Footnotes (4)
  • [F1]Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
  • [F2]Includes dividend equivalents paid on performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional performance-based restricted stock units.
  • [F3]Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date.
  • [F4]Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on March 10, 2023.
Signature
Miranda S. Hirner, Attorney-In-Fact|2026-03-13

Documents

2 files