Form 4: Target Corp Executive Brian C. Cornell Reports Stock Transactions
SEC Form 4 Filing
Executive Officer Brian C. Cornell reports acquisition and disposal of Target Corporation stock related to a performance share unit settlement and tax obligations.
Summary
- Brian C. Cornell, an Executive Officer at Target Corp, reported transactions involving Target Corp common stock on April 8, 2025.
- Cornell acquired 26,157 shares of common stock through the settlement of a performance share unit award.
- He disposed of 11,141 shares to satisfy tax withholding obligations related to the settlement, at a price of $92.43 per share.
- Following these transactions, Cornell directly owns 139,531 shares of Target Corp common stock.
- He also indirectly owns 473,957 shares through a 401(k) plan and 258,843 shares through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. There are no indications of significant positive or negative developments.
Positives
- The acquisition of shares through the performance share unit award indicates that performance targets were likely met.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. This filing indicates transactions related to compensation and tax obligations, which are common occurrences.
Comparison to Industry Standards
- Executive compensation packages often include performance-based equity awards, such as the performance share units mentioned in the filing.
- The tax withholding practices are standard across publicly traded companies to ensure compliance with tax regulations.
- Similar filings are common among executives at comparable retailers like Walmart (WMT) and Costco (COST).
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of stock acquisition and disposal. |
| 03/31/2025 | Date of Target Corporation 401(k) Plan statement. |
| 04/10/2025 | Date of signature by Attorney-In-Fact. |
Keywords
Target Corp, Brian C. Cornell, Stock Transactions, Form 4, Performance Share Unit, Executive Officer, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.