secwatch.observer — SEC 8-K summary
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Issuer:     TARGET CORP (TGT)
CIK:        0000027419
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0000027419-26-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27419/000002741926000004/0000027419-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27419/000002741926000004/tgt-20260131.htm
  HTML page:      https://secwatch.observer/filing/0000027419-26-000004

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