---
schema_version: "secwatch.filing_event.v1"
accession: "0000027419-26-000004"
form_type: "8-K"
ticker: "TGT"
cik: "0000027419"
company_name: "TARGET CORP"
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:37:11.930713+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Target sets CEO Fiddelke compensation: $1.30M salary, $12.1M LTI; Cornell $1.12M as Executive Chair

## Summary
- New CEO Michael Fiddelke gets $1.30M base salary, 200% target STI, and $12.1M target LTI stock award.
- Brian Cornell becomes Executive Chair; receives $1.12M base, 200% target STI, and $6.0M RSU in March 2026.
- Cornell loses severance eligibility under Income Continuation Plan; will serve until March 13, 2027.
- Fiddelke's LTI grant in March 2026 mirrors terms of his prior COO awards and other leadership members.

## SEC filing metadata
- accession: 0000027419-26-000004
- form_type: 8-K
- ticker: TGT
- cik: 0000027419
- company_name: TARGET CORP
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27419/000002741926000004/0000027419-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27419/000002741926000004/tgt-20260131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027419-26-000004
- JSON: https://secwatch.observer/filing/0000027419-26-000004.json
- Plain text: https://secwatch.observer/filing/0000027419-26-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.