secwatch.observer — SEC 8-K summary
======================================

Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0000027419-24-000160
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Target appoints Jim Lee as EVP and CFO effective September 22, 2024
-------------------------------------------------------------------

- Jim Lee, former PepsiCo deputy CFO, named Target EVP and CFO, effective Sept 22, 2024.
- Annual base salary of $850,000; target STI opportunity of 100% of base salary.
- Pro-rated LTIP grant with target value of $1.5M (60% PSUs, 40% PBRSUs).
- Cash sign-on bonus of $2.2M (repayable if voluntary exit within 36 months).
- Sign-on RSU grant of $6.95M vesting in 1/3 increments over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000160/0000027419-24-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741924000160/tgt-20240919.htm
  HTML page:      https://secwatch.observer/filing/0000027419-24-000160

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer