Form 4: Target Corp Director Douglas M. Baker Jr. Acquires Shares Through Restricted Stock Units
SEC Form 4 Filing
Director Douglas M. Baker Jr. acquired 1,841 shares of Target Corp common stock through restricted stock units on March 12, 2025.
Summary
- On March 12, 2025, Douglas M. Baker Jr., a director of Target Corp, acquired 1,841 shares of common stock.
- The acquisition was through the award of restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan.
- The price per share was $0.
- Following the transaction, Baker directly owns 40,828 shares of Target Corp common stock.
- Baker has granted power of attorney to several individuals, including Brian C. Cornell, to handle SEC filings.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing detailing an insider transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively. The acquisition of shares by a director is generally viewed neutrally to slightly positive.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements regarding Target Corp's future performance.
Industry Context
This is a routine disclosure related to insider transactions, which are common in publicly traded companies. It reflects part of the executive compensation structure.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
- Companies like Walmart (WMT) and Costco (COST) also utilize similar long-term incentive plans for their executives.
- The number of shares granted and the vesting schedules are typically benchmarked against industry peers to ensure competitiveness.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency regarding insider ownership, which is important for shareholders.
Key Dates
| Date | Description |
|---|---|
| January 17, 2025 | Date of execution of Power of Attorney by Douglas M. Baker, Jr. |
| March 12, 2025 | Date of transaction: Acquisition of Target Corp common stock. |
| March 14, 2025 | Date of signature of the Form 4 filing by Attorney-In-Fact. |
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