Form 4: Target Corp Executive Acquires Shares Through Performance Award Settlement

Richard H. Gomez, an executive officer at Target Corp, acquired shares through the settlement of a performance share unit award and disposed of shares to cover tax obligations.

Summary

• On April 8, 2025, Richard H. Gomez, an Executive Officer of Target Corp, acquired 4,115 shares of common stock through the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.
• On the same day, Gomez disposed of 1,877 shares of common stock at a price of $92.43 to satisfy tax withholding obligations related to the performance share unit award settlement.
• Following these transactions, Gomez directly owns 134,871 shares of Target Corp common stock.
• Gomez also indirectly owns 375.032 shares through the Target Corporation 401(k) Plan as of March 31, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and tax obligations.

Positives

• The acquisition of shares through a performance share unit award suggests that Gomez has met certain performance criteria set by the company.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the total number of shares directly held by the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Target Corp, Richard H. Gomez, Executive Officer, Form 4, Beneficial Ownership, Performance Share Unit, Stock Acquisition, Tax Withholding, 401(k) Plan