Form 4: Target Corp Executive Matthew Liegel Reports Stock Sale
SEC Form 4 Filing
Matthew Liegel, Chief Accounting Officer of Target Corp, reported the sale of 287 shares of common stock at a price of $113.52 on March 7, 2025.
Summary
- On March 7, 2025, Matthew A. Liegel, Chief Accounting Officer of Target Corp, sold 287 shares of Target's common stock.
- The sale price was $113.52 per share.
- Following the transaction, Liegel directly owns 7,173 shares of Target common stock.
- Liegel has granted power of attorney to several individuals, including Brian C. Cornell, to handle SEC filings on his behalf.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a stock sale by an executive. It doesn't contain any information that would significantly sway investor sentiment positively or negatively.
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, without additional context, it's difficult to determine the specific reasons behind this sale.
Comparison to Industry Standards
- Executive compensation and stock ownership are common practices across publicly traded companies.
- Comparing Matthew Liegel's stock ownership and transactions to those of executives at comparable retailers like Walmart (WMT) or Costco (COST) could provide a benchmark for assessing the significance of this transaction.
- Reviewing industry reports on executive compensation trends can also offer context.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the transaction.
- The Power of Attorney ensures the company can continue to meet its SEC filing obligations.
Key Dates
| Date | Description |
|---|---|
| January 17, 2025 | Date of execution of Power of Attorney by Matthew A. Liegel. |
| March 07, 2025 | Date of stock sale transaction by Matthew A. Liegel. |
| March 10, 2025 | Date of signature on the SEC filing by Attorney-In-Fact. |
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