LIEGEL MATTHEW A 4

What Happened

• Matthew A. Liegel, Chief Accounting Officer of Target Corporation, had 338 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). The filing shows two withholding transactions on March 9, 2026: 192 shares withheld at $117.95 each (≈ $22,646) and 146 shares withheld at $117.95 each (≈ $17,221), for a combined cash value of about $39,867. This is a routine tax-withholding disposition (transaction code F), not an open-market sale or new purchase.

Key Details

• Transaction date: March 9, 2026. Filing date: March 11, 2026 (filed within the SEC’s two-business-day Form 4 deadline).
• Prices and amounts: 192 shares @ $117.95 (≈ $22,646) and 146 shares @ $117.95 (≈ $17,221); total 338 shares ≈ $39,867.
• Shares owned after transaction: Not specified in the provided summary.
• Footnotes: F1 and F3 indicate the shares were withheld to satisfy tax withholding on RSU vesting under the Target 2020 Long-Term Incentive Plan (previously reported); F2 notes dividend equivalents were reinvested into additional RSUs since the last filing.
• Filing includes Exhibit 24 (Power of Attorney).

Context

• This is a tax-withholding event tied to RSU vesting (code F). Such withholdings are routine and do not necessarily reflect the insider’s view of the company’s stock. These were not voluntary market sales or option exercises for cash, but shares retained by the company to cover tax obligations.