Form 4: Target Executive Melissa Kremer Reports Stock Transactions
SEC Form 4
Executive Officer Melissa Kremer reports acquisition and disposal of Target Corporation stock related to a performance share unit settlement and tax obligations.
Summary
- On April 9, 2024, Melissa K. Kremer, an Executive Officer of Target Corporation, reported transactions involving Target's common stock.
- Kremer acquired 5,936 shares of common stock upon the settlement of a performance share unit award granted under the Target Corporation 2020 Long-Term Incentive Plan.
- Simultaneously, 2,299 shares were withheld to satisfy tax obligations related to the settlement at a price of $170.5 per share.
- Following these transactions, Kremer directly owns 34,164 shares of Target common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders, as they represent routine executive compensation and tax-related stock movements.
Key Dates
| Date | Description |
|---|---|
| 04/09/2024 | Date of stock acquisition and disposal. |
| 04/11/2024 | Date of signature for the report. |
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