TARGET CORP — Director's Dealing 2023

Nov 27, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TARGET CORP (TGT)
CIK: 0000027419
Period of Report: 2023-11-22

Reporting Person: HENNINGTON CHRISTINA (Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-22	Common Stock	S	4000.0000	$130.5487	Disposed	38451.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-22	Deferred Compensation Units	$	I	3984.6743	Acquired		Common Stock (3984.6743)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	438.0453	Indirect

Footnotes

F1: Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $130.53 to $130.55. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Includes dividend equivalents paid on 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 performance-based restricted stock units.

F3: Shares held in the Target Corporation 401(k) Plan based on the plan statement as of September 30, 2023.

F4: 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.

F5: The transaction represents the reporting person's discretionary acquisition of units of the Target common stock crediting rate alternative under the Plan referenced in footnote 4, and is the economic equivalent of the
purchase of the same number of shares of Target common stock.

F6: Includes units acquired as a result of reinvested dividends since the reporting person's Form 4 filing on 6/27/2022, that previously reported these deferred compensation units.