Form 4: Target Executive Matthew Zabel Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Executive Officer Matthew Zabel reports withholding of Target Corporation stock to cover tax obligations related to vested restricted stock units.
Summary
- On January 29, 2025, Matthew L Zabel, an Executive Officer of Target Corporation, reported a transaction on Form 4.
- The transaction involved the withholding of 161 shares of Target's common stock to satisfy tax obligations arising from the vesting of restricted stock units.
- The price per share for the withholding was $141.11.
- Following the transaction, Zabel directly owns 15,343 shares of Target's common stock, which includes dividend equivalents reinvested in additional restricted stock units and performance-based restricted stock units.
- The withholding was executed under the Target Corporation 2020 Long-Term Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 10/24/2023 | Date of previous Form 3 filing by the reporting person. |
| 01/29/2025 | Date of the stock withholding transaction. |
| 01/31/2025 | Date of signature on the Form 4 filing. |
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