Form 4: Target Corp Executive Christina Hennington Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Executive Officer Christina Hennington sold 4,600 shares of Target Corp stock at $170.88 per share on March 21, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Christina Hennington, an Executive Officer at Target Corp, sold 4,600 shares of common stock on March 21, 2024.
- The sale was executed at a price of $170.88 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 22, 2023.
- Hennington also indirectly owns 441.3779 shares through a 401(k) plan.
- These 401(k) shares were inadvertently omitted from a previous Form 4 filing on March 15, 2024.
- Following the reported transaction, Hennington directly owns 38,487 shares of Target Corp stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.
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. The use of a 10b5-1 plan suggests the sale was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 11/22/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 12/31/2023 | Date of the Target Corporation 401(k) Plan statement used to determine share ownership. |
| 03/15/2024 | Date of the reporting person's Form 4 filing that inadvertently omitted shares held in the Target Corporation 401(k) Plan. |
| 03/21/2024 | Date of the stock sale transaction. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
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