4/A: Target Corp Executive Adjusts Deferred Compensation Units

Target Corp's Chief Accounting Officer, Matthew A. Liegel, amended a prior filing to correct the number of deferred compensation units acquired, reflecting a total of 7,134.728 units.

Summary

• Matthew A. Liegel, Chief Accounting Officer of Target Corp, filed an amendment to a previous Form 4 filing.
• The amendment corrects the number of deferred compensation units acquired under the Target Corporation Executive Deferred Compensation Plan.
• The units are linked to Target's common stock performance and are economically equivalent to shares of Target common stock.
• The total number of deferred compensation units beneficially owned after the reported transaction is 7,134.728.
• The original filing was on March 19, 2026, and the amendment date is April 9, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily representing a procedural correction of a prior disclosure rather than a significant event.

Positives

• Correction of a prior filing indicates a commitment to accurate reporting.
• The deferred compensation units are indexed to Target's common stock, aligning executive interests with shareholder value.
• The reporting person has accumulated a significant number of deferred compensation units (7,134.728).

Negatives

• An amendment was required, indicating an initial error in reporting the number of securities acquired.

Risks

• The deferred compensation plan balances are unsecured general obligations of Target Corporation, meaning they are subject to the company's financial health.
• The value of the deferred compensation units fluctuates with the stock price, exposing the reporting person to market risk.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and amendments, indicating a procedural correction rather than a strategic shift for Target Corp.

Related Party Transactions

• The filing details deferred compensation units acquired by Matthew A. Liegel, Chief Accounting Officer, under the Target Corporation Executive Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The correction of a filing error is a minor positive for transparency. The underlying deferred compensation plan aligns executive interests with stock performance.
• Employees: The deferred compensation plan is part of executive compensation, not directly impacting general employee compensation.
• Creditors: The deferred compensation balances are unsecured obligations, meaning creditors' claims take precedence in case of financial distress.

Next Steps

• Ensure accurate and timely reporting of all beneficial ownership changes as per SEC regulations.

Key Dates

Keywords

Form 4, SEC Filing, Target Corp, TGT, Deferred Compensation, Executive Compensation, Insider Trading, Securities Ownership, Chief Accounting Officer, Matthew A. Liegel