Form 4: Target Executive Richard H. Gomez Reports Stock Transactions
SEC Form 4 Filing
Executive Officer Richard H. Gomez reports acquisition and disposal of Target Corporation stock, including performance-based restricted stock units and shares held in the 401(k) plan.
Summary
- Richard H. Gomez, an Executive Officer of Target Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 12, 2025, Gomez acquired 9,114 shares of common stock related to performance-based restricted stock units at $0.
- He also acquired 1,114 shares from the settlement of a performance-based restricted stock unit award, also at $0.
- Additionally, 1,363 shares were disposed of at $110.25 to cover tax withholding obligations.
- Following these transactions, Gomez directly owns 132,633 shares of Target common stock.
- He also indirectly owns 371.5588 shares through the Target Corporation 401(k) Plan as of December 31, 2024.
- The filing also includes a Power of Attorney, effective January 17, 2025, authorizing several individuals to act on Gomez's behalf for SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the executive's transactions related to stock awards and tax obligations, which are common occurrences.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting and settlement of performance-based restricted stock units are standard practices in executive compensation across various industries.
- Companies like Walmart (WMT) and Costco (COST) also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The transactions may have a minor impact on the overall stock price due to the relatively small volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| January 17, 2025 | Date of execution for the Power of Attorney. |
| December 31, 2024 | Date of Target Corporation 401(k) Plan statement. |
| March 12, 2025 | Date of stock acquisition and disposal transactions. |
| March 14, 2025 | Date of signature for the Form 4 filing. |
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