Vemana Pratabkumar 4
4 · TARGET CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Target (TGT) Exec Vemana Pratabkumar Receives RSU Award; 625 Shares Withheld
What Happened
Vemana Pratabkumar, an executive officer of Target Corporation (TGT), was granted a total of 28,240 restricted stock units (20,949 RSUs + 7,291 RSUs) on 2026-03-11 (awards reported at $0.00). To satisfy tax withholding on vesting, 625 shares were withheld/disposed at $119.88 per share, generating $74,925 to cover the tax obligation.
Key Details
- Transaction date(s): March 11, 2026 (reported on Form 4 filed March 13, 2026). Filing appears timely.
- Grants: 20,949 RSUs (F1/F2) and 7,291 RSUs (F2/F3) reported as awards at $0.00. Total = 28,240 RSUs.
- Withholding (disposition): 625 shares withheld at $119.88/share for $74,925 (F4) to satisfy tax withholding on vesting. Transaction code F = tax withholding.
- Footnotes: Awards under the Target 2020 Long-Term Incentive Plan; includes dividend equivalents reinvested (F2); performance-based RSUs include a minimum deliverable share amount and vest three years after grant (F3).
- Shares owned after transaction: Not specified in the filing.
- No 10b5-1 plan or late-filing flag noted.
Context
These transactions are grants of restricted stock units (not open-market purchases). The RSUs are compensation awards that generally vest over time (performance-based awards note a three-year vesting schedule) and do not necessarily indicate immediate buying or selling intent. The 625-share disposition is a routine tax-withholding action when awards vest and is coded F on the Form 4.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-11+20,949→ 41,585 total - Award
Common Stock
[F3]2026-03-11+7,291→ 48,876 total - Tax Payment
Common Stock
[F4]2026-03-11$119.88/sh−625$74,925→ 48,251 total
Footnotes (4)
- [F1]Award of restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan.
- [F2]Includes dividend equivalents paid on restricted stock units and performance-based restricted stock units since the date of the reporting person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units and performance-based restricted stock units.
- [F3]Award of performance-based restricted stock units pursuant to the Target Corporation 2020 Long-Term Incentive Plan. Amount reported represents the minimum number of shares that will be delivered upon satisfaction of vesting conditions. Award vests three years after the grant date.
- [F4]Withholding of stock to satisfy tax withholding obligation on vesting of performance-based restricted stock unit award granted under the Target Corporation 2020 Long-Term Incentive Plan previously reported by the reporting person on Form 3 filed May 30, 2025.