Form 4: Target Chief Accounting Officer Sells Over 2,000 Shares Under Pre-Arranged Plan

Target's Chief Accounting Officer, Matthew A. Liegel, reported the sale of 2,044 shares of common stock for approximately $100.90 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Matthew A. Liegel, Chief Accounting Officer of Target Corp (TGT), reported the sale of 2,044 shares of common stock.
• The transaction occurred on June 10, 2025, at a volume weighted average selling price of $100.9026 per share.
• Actual sale prices ranged from $100.8950 to $100.9030 per share.
• The sale was conducted pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following this transaction, Mr. Liegel beneficially owns 11,064 shares of Target common stock.
• The reported beneficial ownership includes dividend equivalents paid on restricted stock units that have been reinvested in additional restricted stock units since the last filing.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction, specifically noted as being under a Rule 10b5-1 plan, which mitigates any negative interpretation of an insider sale.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on new material non-public information.

Negatives

• An insider sale, even if pre-planned, reduces the direct ownership stake of a key executive in the company.

Future Outlook

This Form 4 filing is a transactional report and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document reports a routine insider transaction for Target Corp, a major retailer. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a relatively small, pre-planned sale by an executive of a large public company.

Key Dates

Recommendation

Keywords

Target Corp, TGT, SEC Form 4, Insider Trading, Stock Sale, Matthew A. Liegel, Chief Accounting Officer, Rule 10b5-1 Plan