Form 4: Target Corp Executive Cara Sylvester Reports Stock Transaction
SEC Form 4 Filing
Cara Sylvester, an executive officer at Target Corp, reported the withholding of stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Cara Sylvester, an Executive Officer of Target Corp, reported a transaction involving common stock.
- The transaction involved the withholding of 212 shares to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $168.63.
- Following the transaction, Sylvester directly owns 12,407 shares of Target Corp common stock, which includes dividend equivalents reinvested in additional restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine filing related to executive compensation and stock-based awards. It's common for executives to have shares withheld to cover tax obligations when restricted stock units vest.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and tax withholding, are standard across publicly traded companies.
- Companies like Walmart (WMT), Amazon (AMZN), and Costco (COST) also utilize similar equity compensation plans for their executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of previous Form 3 filing by the reporting person. |
| 03/11/2024 | Date of the reported transaction (stock withholding for tax obligations). |
| 03/13/2024 | Date of signature by Attorney-In-Fact. |
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