Lee James 4

What Happened

• Lee James, an executive officer at Target Corporation (TGT), was granted a total of 35,949 equity awards on 2026-03-11. The filing shows two award entries of 25,139 and 10,810 shares, each reported at $0.00 (standard for equity grants).
• These grants consist of restricted stock units (RSUs) and performance-based restricted stock units (PSUs). The PSU amount reported represents the minimum number of shares that could be delivered if vesting conditions are met.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (filed within the typical two-business-day window).
• Transaction type/code: A = Grant/Award.
• Shares granted: 25,139 + 10,810 = 35,949 RSUs/PSUs; grant price reported $0.00.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: Awards made under the Target Corporation 2020 Long-Term Incentive Plan (F1); dividend equivalents were reinvested into additional units (F2); PSUs reported are the minimum deliverable and vest three years after the grant date (F3).
• Exhibit: Power of Attorney filed as Exhibit 24.

Context

• These awards are compensation, not open-market purchases or sales. RSUs vest over time (and PSUs also depend on performance), so they are not an immediate market transaction and should be interpreted as part of executive pay rather than a direct bullish or bearish signal.
• For retail investors, purchases by insiders typically carry clearer sentiment signals than routine grants; PSUs only convert to shares if performance and vesting conditions are satisfied.