Form 4: Target Corp Executive Matthew Liegel Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Matthew Liegel, Chief Accounting Officer of Target Corp, reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 10, 2025, Matthew A Liegel, Chief Accounting Officer of Target Corp, reported the disposal of common stock to cover tax obligations.
- The transactions involved the withholding of 179 shares at $113.74, 131 shares at $113.74 and 49 shares at $113.74.
- These disposals were related to the vesting of restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan.
- Following these transactions, Liegel beneficially owns 6,814 shares of Target Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation plans and tax obligations. These transactions are closely monitored by investors for insights into executive sentiment and company performance.
Stakeholder Impact
- The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Date of previously reported award of restricted stock units related to one of the tax withholding obligations. |
| 04/07/2022 | Date of Form 3 filing related to one of the tax withholding obligations. |
| 03/10/2025 | Date of stock disposal transactions to cover tax withholding obligations. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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