Matthew A. Liegel - May 20, 2022 Form 4 Insider Report for TARGET CORP (TGT)

Role
Chief Accounting Officer
Signature
Andrew J. Neuharth, Attorney-In-Fact
Stock symbol
TGT
Transactions as of
May 20, 2022
Transactions value $
$100,000
Form type
4
Date filed
5/24/2022, 07:07 PM
Previous filing
Apr 7, 2022
Next filing
Aug 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TGT Common Stock 4.02K May 20, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TGT Deferred Compensation Units Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities $100K +644 +24.59% $155.36 3.26K May 20, 2022 Common Stock 644 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Deferred compensation units are held under the Target Corporation Executive Deferred Compensation Plan (the "Plan"). Under the terms of the Plan, participants' deferred compensation balances are indexed to various crediting rate alternatives, as chosen by them. The units reported relate to the Target common stock crediting rate alternative, and each unit is the economic equivalent of one share of Target common stock. The value of such units increases or decreases daily in accordance with an equivalent investment in the Target Stock Fund in the corporation's 401(k) plan. Participants are generally free to transfer plan balances into other crediting rate alternatives at any time. The Plan balances represent unsecured general obligations of Target Corporation, and are payable solely in cash.
F2 The transaction represents the reporting person's discretionary acquisition of units of the Target common stock rate alternative under the Plan referenced in footnote 1, and is the economic equivalent of the purchase of the same number of shares of Target common stock.
F3 Includes units acquired as a result of reinvested dividends since the reporting person's Form 3 filing on 4/7/2022, that previously reported these deferred compensation units.