LIEGEL MATTHEW A 4

What Happened

• Matthew A. Liegel, Chief Accounting Officer of Target Corporation (TGT), was granted 3,688 restricted stock units (RSUs) on March 11, 2026. The Form 4 reports an acquisition (code A) at a reported price of $0.00 (award), with no immediate cash paid by the insider.

Key Details

• Transaction date: 2026-03-11; Filing date: 2026-03-13 (filed within the typical 2-business-day window).
• Shares/units granted: 3,688 RSUs; Reported acquisition price: $0.00 (award).
• Footnote: Award granted pursuant to the Target Corporation 2020 Long-Term Incentive Plan (F1).
• Shares owned after transaction: not disclosed in the filing.

Context

• RSU awards are compensation grants that typically vest over a set schedule and convert to shares if vesting conditions are met; they do not represent an open-market purchase and are standard executive pay. This award should be viewed as part of routine long-term incentive compensation rather than a direct market sentiment signal.