Form 4: Target Corp Executive Brian Cornell Sells $45,000 in Common Stock

Executive Officer Brian Cornell sold 45,000 shares of Target Corp common stock on August 27, 2024, at an average price of $158.6691.

Summary

• On August 27, 2024, Brian C Cornell, an Executive Officer at Target Corp, sold 45,000 shares of common stock at an average price of $158.6691.
• The sale was executed at prices ranging from $158.3850 to $158.8700.
• Following the transaction, Cornell directly owns 75,447 shares and indirectly owns 303,843 shares through a trust and 462.2615 shares through a 401(k) plan.
• The shares held in the Target Corporation 401(k) Plan are based on the plan statement as of June 30, 2024.
• The indirect holdings also include dividend equivalents reinvested in additional performance-based restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects. However, they can be for a variety of reasons including diversification, tax planning, or personal expenses.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates