Form 4: Target Corp Executive Brian C. Cornell Sells 45,000 Shares
SEC Form 4 Filing
Executive Officer Brian C. Cornell sold 45,000 shares of Target Corp stock at an average price of $151.3611 on June 4, 2024.
Summary
- On June 4, 2024, Brian C. Cornell, an Executive Officer and Director at Target Corp, sold 45,000 shares of common stock.
- The sale was executed at a price of $151.3611 per share.
- Following the transaction, Cornell directly owns 348,843 shares, which includes 46,924 shares held in a revocable living trust.
- Cornell also indirectly owns 74,886 shares through a 401(k) plan as of March 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by an executive. It's a neutral event in isolation, with no inherent positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. However, large or frequent sales can sometimes be viewed negatively by investors.
Stakeholder Impact
- The sale of shares by a high-ranking executive could potentially cause minor short-term fluctuations in the stock price, but the overall impact on stakeholders is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| March 31, 2024 | Date of Target Corporation 401(k) Plan statement. |
| June 4, 2024 | Date of the stock sale transaction. |
| June 5, 2024 | Date of signature by Attorney-In-Fact. |
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