Target (TGT) executive Vemana reports tax-withholding of 199 shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Target Corporation executive officer Pratabkumar Vemana reported a routine tax-withholding share disposition related to equity compensation. On the reported date, 199 shares of Target common stock were withheld at a price of $116.73 per share to cover tax obligations upon vesting of restricted stock units under the Target Corporation 2020 Long-Term Incentive Plan.
After this tax-withholding transaction, Vemana directly owned 48,052 shares of Target common stock. This event reflects standard administration of stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vemana Pratabkumar
Role
Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 199 | $116.73 | $23K |
Holdings After Transaction:
Common Stock — 48,052 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Target (TGT) executive Pratabkumar Vemana report?
Target executive Pratabkumar Vemana reported a tax-withholding disposition of 199 shares of common stock. The shares were withheld to cover tax obligations upon vesting of restricted stock units granted under Target’s 2020 Long-Term Incentive Plan.
Does the Target (TGT) Form 4 for Pratabkumar Vemana indicate an open-market sale?
No, the filing describes a tax-withholding disposition, not an open-market sale. Shares were retained by the company to satisfy tax obligations when restricted stock units vested under Target’s long-term incentive plan, a common equity compensation practice.
What plan governed the restricted stock units in Target (TGT) executive Pratabkumar Vemana’s Form 4?
The restricted stock units were granted under the Target Corporation 2020 Long-Term Incentive Plan. The reported 199-share disposition occurred when units vested and shares were withheld to meet associated tax withholding obligations, as described in the Form 4 footnote.