FIDDELKE MICHAEL J 4

What Happened

• Michael J. Fiddelke, an executive officer at Target Corporation (TGT), was awarded 30,418 performance-based restricted stock units (RSUs) on 2026-03-11 and, on the same date, had 1,952 shares withheld/sold to satisfy tax withholding obligations for a prior RSU vesting.
• The withheld/disposed shares were valued at $119.88 each, totaling $234,006. The new award was reported at $0.00 per share because it is a grant of RSUs rather than an open-market purchase.

Key Details

• Transaction date (period of report): 2026-03-11; Form 4 filed: 2026-03-13.
• Grant: 30,418 performance-based RSUs (code A) — award vests three years after the grant date (per footnote F1). Amount reported represents the minimum number of shares deliverable if vesting conditions are met.
• Tax withholding: 1,952 shares disposed (code F) at $119.88 each = $234,006 (footnote F3 indicates this satisfied tax withholding on vesting of an earlier RSU award granted March 10, 2023).
• Dividend equivalents on the performance RSUs have been reinvested into additional RSUs (footnote F2).
• Shares owned after the transactions are not specified in the provided excerpt.
• Filing appears timely (filed two days after the reported transaction date).

Context

• The grant (A) is a non-cash long-term incentive (performance RSUs) that vests in the future and is not an immediate purchase signal; such awards are common for executive compensation.
• The disposition (F) reflects withholding/sale to cover tax liabilities on previously vested RSUs, a routine administrative transaction rather than an open-market sale expressing sentiment.