Form 4: Target Corp Executive Matthew L. Zabel Reports Stock Transactions
SEC Form 4 Filing
Executive Officer Matthew L. Zabel reports the withholding of Target Corp stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 11, 2024, Matthew L. Zabel, an Executive Officer of Target Corp, reported transactions involving Target Corp common stock.
- The transactions involved the withholding of shares to satisfy tax obligations related to the vesting of restricted stock units.
- 285 shares were withheld at a price of $168.63 per share related to the 2011 Long-Term Incentive Plan.
- 168 shares were withheld at a price of $168.63 per share related to the 2020 Long-Term Incentive Plan.
- Following these transactions, Zabel directly owns 11,965 shares of Target Corp common stock.
- The report also notes that the holdings include dividend equivalents reinvested in additional restricted stock units and performance-based restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transactions (withholding of shares for tax obligations). |
| 03/13/2024 | Date of signature by Attorney-In-Fact, Benjamin S. Borden. |
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