LIEGEL MATTHEW A 4

What Happened

• Matthew A. Liegel, Chief Accounting Officer of Target Corp (TGT), had shares withheld to satisfy tax withholding on vested restricted stock units. Two withholding transactions occurred: 246 shares on 2026-03-12 at $116.55 ($28,671) and 371 shares on 2026-03-13 at $116.73 ($43,307), a combined 617 shares and approximately $71,978.
• These are dispositions coded "F" (tax withholding), not open-market sales or purchases.

Key Details

• Transaction dates & prices: 2026-03-12 — 246 shares @ $116.55; 2026-03-13 — 371 shares @ $116.73.
• Total shares withheld: 617; total value: ~$71,978.
• Shares owned after transaction: Not specified in the supplied filing.
• Footnotes: F1/F2 indicate these were withholding actions to satisfy tax obligations on RSUs granted under the Target Corporation 2020 Long-Term Incentive Plan; the related awards were previously reported by the insider on 2025-03-14 and 2024-03-15.
• Timeliness: Form filed 2026-03-16; filing date is within required reporting window for these transactions (timely).

Context

• Code F tax-withholding on RSU vesting is a routine administrative disposition where the company retains shares to cover the insider's tax bill; it does not reflect an active market sale decision and is generally neutral for signaling management sentiment.
• For retail investors, purchases by insiders tend to be more informative than routine withholdings; this filing documents compensation tax settlement rather than a directional trade.