Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-17

Target (TGT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$21,830,088
Brian Cornell total, FY2025
51st
CEO pay percentile vs peers
794:1
CEO-to-median pay ratio
89.02%
Say-on-pay support, latest vote
Companies that benchmark against TGT
30 companies name TGT as a compensation peer

Each company listed discloses TGT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TGT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brian Cornell$1,400,000$462,000$18,555,280$0$787,920$0$624,888$21,830,088
Chair & Former Chief Executive Officer
Michael Fiddelke1,065,385176,4237,853,2530300,88218,507183,6219,598,071
Former EVP & Chief Operating Officer and current Chief Executive Officer
Jim Lee850,000140,2505,130,5670239,190074,4936,434,500
EVP & Chief Financial Officer
Richard Gomez837,019138,3464,828,0840235,9430146,3216,185,713
Former EVP & Chief Commercial Officer
Amy Tu285,57704,525,4900001,009,0435,820,110
Former EVP & Chief Legal & Compliance Officer
Melissa Kremer787,019130,0964,122,1040221,87317,502124,3375,402,931
EVP & Chief HR Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Brian Cornell$21,830,088$20,407,603$19,203,353+1,422,485
Michael Fiddelke9,598,0716,741,4434,866,218+2,856,628
Jim Lee6,434,50011,307,865−4,873,365
Richard Gomez6,185,7134,190,055+1,995,658
Amy Tu5,820,11010,533,824−4,713,714
Melissa Kremer5,402,931

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Brian C. CornellDirector2026-05-27D1,000$131$130,546CommonForm 4 ↗
Brian C. CornellDirector2026-05-27D49,0001306,362,077CommonForm 4 ↗
Cara A. SylvesterExecutive Officer2026-05-29D10,0001261,258,905CommonForm 4 ↗
Lisa R. RoathExecutive Officer2026-06-29D7,000138966,490CommonForm 4 ↗
Grant B. McGeeExecutive Officer2026-06-30A15,28200CommonForm 4 ↗
Grant B. McGeeExecutive Officer2026-06-30A4,12700CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Amy TuRSU2025-03-1211,046$1,225,333
Amy TuPSU2025-03-1213,80827,6161,500,101
Michael FiddelkeRSU2025-03-1223,1962,573,132
Jim LeePSU2025-03-122,160,089
Melissa KremerRSU2025-03-129,5731,061,933
Michael FiddelkePSU2025-03-123,780,020
Richard GomezPSU2025-03-121,980,073
Melissa KremerPSU2025-03-121,560,070
Brian CornellPSU2025-03-1211,040,105
Jim LeeRSU2025-03-1213,2551,470,377
Richard GomezRSU2025-03-1212,1511,347,910
Amy TuPSU2025-03-121,800,056
Melissa KremerPSU2025-03-1213,80827,6161,500,101
Michael FiddelkePSU2025-03-1213,80827,6161,500,101
Richard GomezPSU2025-03-1213,80827,6161,500,101
Jim LeePSU2025-03-1213,80827,6161,500,101
Brian CornellRSU2025-03-1267,7477,515,175
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Amy Tu$1,225,333$3,300,157$072.9%
Michael Fiddelke2,573,1325,280,121067.2%
Jim Lee1,470,3773,660,190071.3%
Melissa Kremer1,061,9333,060,171074.2%
Richard Gomez1,347,9103,480,174072.1%
Brian Cornell7,515,17511,040,105059.5%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael FiddelkePSU75,223$7,933,770
Michael FiddelkePSU30,7213,240,144
Jim LeePSU49,1875,187,753
Jim LeePSU31,7983,353,735
Richard GomezPSU16,3471,724,118
Brian CornellPSU177,43618,714,175
Richard GomezPSU46,2954,882,734
Jim LeePSU10,3031,086,657
Amy TuPSU4,179440,759
Brian CornellPSU99,98910,545,840
Melissa KremerPSU14,7101,551,464
Amy TuPSU5,788610,460
Melissa KremerPSU39,5444,170,706
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe executive compensation should be directly linked to performance and long-term value creation for our shareholders. With that in mind, three principles guide our compensation program: Deliver on our pay for performance philosophy in support of our strategy; Provide a framework that encourages outstanding financial results and shareholder returns over the long-term; and Attract, retain, and motivate a premier management team to sustain our distinctive brand and its competitive advantage in the marketplace.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantSemler Brossy
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-10298,234,52536,795,5221,962,12989.02%Passed
20252025-06-11302,870,54925,596,4411,447,22792.21%Passed
20242024-06-12325,721,99523,615,2901,341,00093.24%Passed
20232023-06-14332,151,03720,894,7281,449,68394.08%Passed
20222022-06-08318,466,94424,968,0812,004,27592.73%Passed
20212021-06-09344,389,53526,427,7312,022,25792.87%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1089.02%a
20252025-06-1192.21%b
20242024-06-1293.24%c

a. Approved under the standard stated in the filing — “Item 3: Advisory approval of executive compensation (Say on Pay) FOR More votes "For" than "Against" No effect No effect”.

b. Approved under the standard stated in the filing — “What items are being voted upon, how does the Board recommend that I vote, and what are the standards for determining whether any item has been approved? Item of business Board recommendation Voting approval standard Effect of abstention Effect of broker non-vote Item 1: Election of 12 directors FOR each Director Nominee More votes "For" than "Against" No effect No effect Item 2: Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm FOR Majority of shares present and entitled to vote (1) Vote "Against" Not applicable Item 3: Advisory approval of executive compensation (Say on Pay) FOR More votes "For" than "Against" No effect No effect Item 4: Shareholder proposal requesting a report on how affirmative action initiatives impact Target's risks related to actual and perceived discrimination AGAINST Majority of shares present and entitled to vote (1)(2) Vote "Against" (2) No effect (3) (1) This amount must be at least a majority of the minimum number of shares entitled to vote that would constitute a quorum.”.

c. Approved under the standard stated in the filing — “More votes "For" than "Against." Abstentions and broker non-votes have no effect in calculating the required vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)794 : 1
CEO total compensation$21,830,088
Median employee compensation$27,506
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Christine A. LeahyIndependent · Lead Independent Director · Compensation & Human Capital Management · Governance & Sustainability$0$370,028$0$0$0$370,028
George S. BarrettIndependent · Compensation & Human Capital Management · Governance & Sustainability (Chair)0345,041000345,041
Monica C. LozanoIndependent · Compensation & Human Capital Management (Chair) · Governance & Sustainability145,000200,006000345,006
Donald R. KnaussIndependent · Compensation & Human Capital Management · Infrastructure & Finance (Chair) · Not standing for re-election145,000200,006000345,006
Dmitri L. StocktonIndependent · Audit & Risk (Chair) · Governance & Sustainability145,000200,006000345,006
Derica W. RiceIndependent · Audit & Risk · Infrastructure & Finance0320,053000320,053
Gail K. BoudreauxIndependent · Governance & Sustainability · Infrastructure & Finance0320,053000320,053
Grace PumaIndependent · Governance & Sustainability · Infrastructure & Finance120,000200,006000320,006
Robert L. EdwardsIndependent · Audit & Risk · Infrastructure & Finance120,000200,006000320,006
David P. AbneyIndependent · Audit & Risk · Infrastructure & Finance120,000200,006000320,006
Douglas M. Baker JrIndependent · Compensation & Human Capital Management · Governance & Sustainability120,000200,00600320,006
Brian C. CornellEmployee director · Board Chair00000
Stephen B. BratspiesIndependent · Audit & Risk · Infrastructure & Finance · Partial-year service · Newly elected000000
Michael J. FiddelkeEmployee director · Partial-year service · Newly elected00000
John R. Hoke IIIIndependent · Governance & Sustainability · Infrastructure & Finance · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$915,000
Equity awards (grant-date value)$2,755,217
All other compensation$0
Total cost of the board$3,670,217

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Target names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Target.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1UnitedHealth Group Incorporated2025Stephen Hemsley$596,154$0$60,000,024$0$60,938,062
2NIKE, Inc.2026Elliott Hill1,500,00028,137,7983,967,1132,220,00036,340,876
3Johnson & Johnson2025Joaquin Duato1,600,00015,028,9485,927,9954,298,70032,758,111
4The Coca-Cola Company2025James Quincey1,675,00012,516,10910,352,2555,025,00031,208,165
5Starbucks Corporation2025Brian Niccol1,599,99819,881,58501,971,00030,992,773
6Walmart Inc.2026Doug McMillon1,500,00021,051,60504,032,00029,240,930
7FedEx Corporation2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
8The TJX Companies, Inc.2026Ernie Herrman1,700,00014,300,17308,386,10026,603,537
9RTX Corporation2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
10Mondelez International, Inc.2025Dirk Van de Put1,624,61514,530,3594,401,5553,234,00024,516,114
11Archer-Daniels-Midland Company2025Juan Luciano1,492,50017,700,05502,826,79523,886,978
12Marriott International, Inc.2025Anthony Capuano1,400,00112,010,6964,125,2054,526,83022,970,926
13United Parcel Service, Inc.2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
14The Cigna Group2025David Cordani1,600,00013,929,1613,400,0193,200,00022,866,134
15MetLife, Inc.2025Michel Khalaf1,500,00014,797,60104,600,00022,364,273
16The Procter & Gamble Company2025Jon Moeller1,637,50011,519,6456,562,515021,909,816
17Target2025Brian Cornell1,400,00018,555,2800787,92021,830,088
18Lowe’s Companies, Inc.2025Marvin Ellison1,544,23112,480,4674,262,8953,232,69321,581,889
193M Company2025William Brown1,800,0007,753,8527,001,2423,745,32221,005,009
20Johnson Controls International plc2025Joakim Weidemanis825,00012,849,0883,749,9932,357,24719,963,827
21Best Buy Co., Inc.2026Corie Barry1,300,00013,699,94702,185,82017,346,126
22The Gap, Inc.2025Richard Dickson1,400,00010,891,24204,435,63817,185,636
23Albertsons Companies, Inc.2025Susan Morris1,330,76911,010,0092,220,70616,767,866
24The Home Depot, Inc.2025Edward Decker1,400,0009,612,2512,369,9172,657,63116,191,127
25Dollar Tree, Inc.2025Michael Creedon, Jr.1,300,0009,443,15503,166,80014,775,215
26Macy’s, Inc.2025Tony Spring1,337,5009,007,86803,241,62014,104,067
27The Kroger Co.2025Ronald L. Sargent3,975,80610,000,07714,037,608
28Costco Wholesale Corporation2025Ron Vachris1,183,27012,036,8000600,00013,932,597
29Dollar General Corporation2025Todd Vasos1,608,395006,020,1678,163,197
30Amazon.com, Inc.2025Andrew Jassy365,0000002,069,861
Publix Super Markets, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Targetnot disclosedPSU 60 · RSU 40NoSemler Brossy
3M Company118.9%PSU 50 · Options 50NoFW Cook
Albertsons Companies, Inc.94%PSU 50 · RSU 50NoFW Cook
Amazon.com, Inc.not disclosedRSU 100not disclosedNone (Committee may engage compensation consultants but did not do so in 2025)
Archer-Daniels-Midland Company94.7%PSU 60 · RSU 40NoMeridian Compensation Partners, LLC
Best Buy Co., Inc.84.07%PSU 50 · RSU 50Yes — total shareholder return (TSR) relative to the S&P 500 Index constituentsFrederic W. Cook & Co., Inc. (FW Cook)
Costco Wholesale Corporation120%RSU 100NoNone used (Committee has authority to engage consultants but did not use any)
Dollar General Corporation182.4%RSU 50 · PSU 50NoPearl Meyer
Dollar Tree, Inc.162.4%PSU 50 · RSU 50NoMeridian Compensation Partners
FedEx Corporation112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
Johnson & Johnsonnot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Johnson Controls International plc176.6%PSU 50 · RSU 25 · Options 25Yes — TSR Relative to S&P 500 IndustrialsFarient Advisors LLC
Lowe’s Companies, Inc.104.67%PSU 50 · Options 25 · RSU 25NoSemler Brossy Consulting Group, LLC
Macy’s, Inc.120.06%PSU 50 · RSU 50Yes — Relative Total Shareholder Return (rTSR)Semler Brossy Consulting Group LLC
Marriott International, Inc.162%PSU 50 · RSU 25 · Options 25NoPearl Meyer
MetLife, Inc.100.5%PSU 70 · RSU 30Yes — TSR relative to TSR Peer GroupSemler Brossy Consulting Group
Mondelez International, Inc.91%PSU 75 · Options 25Nonot disclosed
NIKE, Inc.74%PSU 50 · Options 25 · RSU 25Yes — Relative TSRNone retained in fiscal 2026 (market data supplemented via Aon, Willis Towers Watson, and Mercer)
Publix Super Markets, Inc.not disclosednot disclosednot disclosednot disclosed
RTX Corporation164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance
The Cigna Group100%PSU 60 · RSU 20 · Options 20NoPay Governance
The Coca-Cola Company150%PSU 50 · Options 50Yes — Relative TSR modifierMeridian Compensation Partners, LLC
The Gap, Inc.158%PSU 67 · RSU 33NoFrederic W. Cook & Co., Inc.
The Home Depot, Inc.95%PSU 50 · RSU 30 · Options 20NoPay Governance
The Kroger Co.93.84%not disclosedYes — Value creation (iTSR)Korn Ferry; Meridian Compensation Partners, LLC
The Procter & Gamble Company57%PSU 50Yes — Relative TSR MultiplierMeridian Compensation Partners, LLC
The TJX Companies, Inc.180.7%PSU 54 · RSU 35 · Cash LTI 11NoPearl Meyer LLC
United Parcel Service, Inc.75%PSU 93 · Options 7Yes — Relative Total Shareowner Return (RTSR)FW Cook
UnitedHealth Group Incorporatednot disclosedPSU 50 · Options 25 · RSU 25NoPay Governance
Walmart Inc.112%not disclosedNoFarient Advisors LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Brian CornellDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 21,830,088. Filing ↗machine: r2 · c8 · span 2775825–2775836
2Section 01, Michael FiddelkeDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 9,598,071. Filing ↗machine: r7 · c8 · span 2799508–2799518
3Section 01, Jim LeeDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 6,434,500. Filing ↗machine: r5 · c8 · span 2790117–2790127
4Section 01, Richard GomezDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 6,185,713. Filing ↗machine: r10 · c8 · span 2813789–2813799
5Section 01, Amy TuDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 5,820,110. Filing ↗machine: r13 · c8 · span 2828006–2828016
6Section 01, Melissa KremerDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 5,402,931. Filing ↗machine: r12 · c8 · span 2822733–2822743
7Section 03, Amy Tu RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r24 · c6 · span 3006778–3006784
8Section 03, Amy Tu PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r24 · c7 · span 3007245–3007251
9Section 03, Michael Fiddelke RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r12 · c8 · span 2974294–2974303
10Section 03, Jim Lee PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r5 · c3 · span 2855626–2855635
11Section 03, Melissa Kremer RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r20 · c8 · span 2996893–2996902
12Section 03, Michael Fiddelke PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r8 · c3 · span 2860594–2860603
13Section 03, Richard Gomez PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r11 · c3 · span 2865550–2865559
14Section 03, Melissa Kremer PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r14 · c3 · span 2870525–2870534
15Section 03, Brian Cornell PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r3 · c3 · span 2852753–2852763
16Section 03, Jim Lee RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r8 · c6 · span 2961937–2961943
17Section 03, Richard Gomez RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r16 · c8 · span 2985490–2985499
18Section 03, Amy Tu PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t139 · r17 · c3 · span 2875423–2875432
19Section 03, Melissa Kremer PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r21 · c8 · span 2999711–2999720
20Section 03, Michael Fiddelke PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r13 · c8 · span 2977112–2977121
21Section 03, Richard Gomez PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r17 · c8 · span 2988083–2988092
22Section 03, Jim Lee PSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r9 · c6 · span 2964532–2964538
23Section 03, Brian Cornell RSUDEF 14A2026-04-270001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: t142 · r5 · c8 · span 2955123–2955132
24Section 07, pay ratioDEF 14A2026-04-270001628280-26-027508Section “CEO Pay Ratio”. As printed: 794 : 1. Filing ↗machine: span 3565008–3565016
25Section 08, Christine A. LeahyDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 370,028. Filing ↗machine: t78 · r8 · c2 · span 1614058–1614065
26Section 08, George S. BarrettDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,041. Filing ↗machine: t78 · r4 · c2 · span 1605830–1605837
27Section 08, Monica C. LozanoDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: t78 · r9 · c3 · span 1616801–1616809
28Section 08, Donald R. KnaussDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: t78 · r7 · c3 · span 1612551–1612559
29Section 08, Dmitri L. StocktonDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: t78 · r12 · c3 · span 1623185–1623193
30Section 08, Derica W. RiceDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,053. Filing ↗machine: t78 · r11 · c2 · span 1620302–1620309
31Section 08, Gail K. BoudreauxDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,053. Filing ↗machine: t78 · r5 · c2 · span 1607828–1607835
32Section 08, Grace PumaDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: t78 · r10 · c3 · span 1618805–1618813
33Section 08, Robert L. EdwardsDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: t78 · r6 · c3 · span 1610315–1610323
34Section 08, David P. AbneyDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: t78 · r2 · c3 · span 1602109–1602117
35Section 08, Douglas M. Baker JrDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: t78 · r3 · c3 · span 1604094–1604102
36Section 08, Brian C. CornellDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
37Section 08, Stephen B. BratspiesDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
38Section 08, Michael J. FiddelkeDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
39Section 08, John R. Hoke IIIDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
40Section 02, Brian C. Cornell 2026-05-27Form 42026-05-280001288709-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Brian C. Cornell 2026-05-27Form 42026-05-280001288709-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Cara A. Sylvester 2026-05-29Form 42026-06-010001846662-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Lisa R. Roath 2026-06-29Form 42026-06-300002110401-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Grant B. McGee 2026-06-30Form 42026-07-010002010725-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Grant B. McGee 2026-06-30Form 42026-07-010002010725-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
46Section 06, 2026 voteForm 8-K2026-06-120000027419-26-000026Item 5.07 · say-on-pay result. As reported: 89.02% (votes for as printed: 298,234,525). Filing ↗
47Section 06, 2025 voteForm 8-K2025-06-130000027419-25-000110Item 5.07 · say-on-pay result. As reported: 92.21% (votes for as printed: 302,870,549). Filing ↗
48Section 06, 2024 voteForm 8-K2024-06-140000027419-24-000135Item 5.07 · say-on-pay result. As reported: 93.24% (votes for as printed: 325,721,995). Filing ↗
49Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
50Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
51Section 09b board cost (computed)ComputedcomputedCash 915,000 + equity 2,755,217 + all other 0 = 3,670,217, summed across the director compensation table rows.machine: formula: Σ = 3,670,217
52UnitedHealth Group Incorporated, Section 10b CEO totalDEF 14A2026-04-210001104659-26-046125CEO total compensation as printed in UnitedHealth Group Incorporated's own proxy. As printed: 60,938,062. Filing ↗machine: r1 · c48 · span 1832651–1832661
53NIKE, Inc., Section 10b CEO totalDEF 14A2026-07-150000320187-26-000089CEO total compensation as printed in NIKE, Inc.'s own proxy. As printed: 36,340,876. Filing ↗machine: t55 · r2 · c10 · span 647557–647567
54Johnson & Johnson, Section 10b CEO totalDEF 14A2026-03-110000200406-26-000063CEO total compensation as printed in Johnson & Johnson's own proxy. As printed: 32,758,111. Filing ↗machine: r3 · c27 · span 1621235–1621246
55The Coca-Cola Company, Section 10b CEO totalDEF 14A2026-03-160001104659-26-028215CEO total compensation as printed in The Coca-Cola Company's own proxy. As printed: 31,208,165. Filing ↗machine: t286 · r11 · c26 · span 3291227–3291237
56Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
57Walmart Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-173673CEO total compensation as printed in Walmart Inc.'s own proxy. As printed: 29,240,930. Filing ↗machine: r4 · c16 · span 3840466–3840476
58FedEx Corporation, Section 10b CEO totalDEF 14A2026-08-170001104659-26-097836CEO total compensation as printed in FedEx Corporation's own proxy. As printed: 27,554,018. Filing ↗machine: r1 · c54 · span 1409491–1409501
59The TJX Companies, Inc., Section 10b CEO totalDEF 14A2026-04-300000109198-26-000015CEO total compensation as printed in The TJX Companies, Inc.'s own proxy. As printed: 26,603,537. Filing ↗machine: r2 · c21 · span 787052–787062
60RTX Corporation, Section 10b CEO totalDEF 14A2026-03-090001308179-26-000036CEO total compensation as printed in RTX Corporation's own proxy. As printed: 24,846,826. Filing ↗machine: t237 · r2 · c14 · span 908955–908966
61Mondelez International, Inc., Section 10b CEO totalDEF 14A2026-04-030001628280-26-023640CEO total compensation as printed in Mondelez International, Inc.'s own proxy. As printed: 24,516,114. Filing ↗machine: r2 · c9 · span 2504218–2504228
62Archer-Daniels-Midland Company, Section 10b CEO totalDEF 14A2026-03-260001193125-26-126218CEO total compensation as printed in Archer-Daniels-Midland Company's own proxy. As printed: 23,886,978. Filing ↗machine: r3 · c39 · span 1318435–1318445
63Marriott International, Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011590CEO total compensation as printed in Marriott International, Inc.'s own proxy. As printed: 22,970,926. Filing ↗machine: r2 · c28 · span 1165120–1165130
64United Parcel Service, Inc., Section 10b CEO totalDEF 14A2026-03-190001628280-26-019856CEO total compensation as printed in United Parcel Service, Inc.'s own proxy. As printed: 22,878,788. Filing ↗machine: r2 · c27 · span 899122–899132
65The Cigna Group, Section 10b CEO totalDEF 14A2026-03-130001739940-26-000023CEO total compensation as printed in The Cigna Group's own proxy. As printed: 22,866,134. Filing ↗machine: t303 · r3 · c16 · span 1360729–1360739
66MetLife, Inc., Section 10b CEO totalDEF 14A2026-04-290001099219-26-000026CEO total compensation as printed in MetLife, Inc.'s own proxy. As printed: 22,364,273. Filing ↗machine: r2 · c8 · span 3558353–3558363
67The Procter & Gamble Company, Section 10b CEO totalDEF 14A2025-08-290001193125-25-191749CEO total compensation as printed in The Procter & Gamble Company's own proxy. As printed: 21,909,816. Filing ↗machine: t160 · r6 · c44 · span 892224–892234
68Target (subject), Section 10b CEO totalDEF 14A2026-04-270001628280-26-027508CEO total compensation as printed in Target's own proxy. As printed: 21,830,088. Filing ↗machine: r2 · c8 · span 2775825–2775836
69Lowe’s Companies, Inc., Section 10b CEO totalDEF 14A2026-04-160000060667-26-000056CEO total compensation as printed in Lowe’s Companies, Inc.'s own proxy. As printed: 21,581,889. Filing ↗machine: r2 · c8 · span 2406556–2406566
703M Company, Section 10b CEO totalDEF 14A2026-03-250000066740-26-000151CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. Filing ↗machine: r2 · c9 · span 2797692–2797702
71Johnson Controls International plc, Section 10b CEO totalDEF 14A2026-01-160001104659-26-004565CEO total compensation as printed in Johnson Controls International plc's own proxy. As printed: 19,963,827. Filing ↗machine: t61 · r2 · c48 · span 1373807–1373817
72Best Buy Co., Inc., Section 10b CEO totalDEF 14A2026-04-300001140361-26-018265CEO total compensation as printed in Best Buy Co., Inc.'s own proxy. As printed: 17,346,126. Filing ↗machine: r2 · c19 · span 1511832–1511842
73The Gap, Inc., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021740CEO total compensation as printed in The Gap, Inc.'s own proxy. As printed: 17,185,636. Filing ↗machine: r3 · c27 · span 1131780–1131790
74Albertsons Companies, Inc., Section 10b CEO totalDEF 14A2026-06-220001140361-26-025819CEO total compensation as printed in Albertsons Companies, Inc.'s own proxy. As printed: 16,767,866. Filing ↗machine: r2 · c22 · span 1259532–1259542
75The Home Depot, Inc., Section 10b CEO totalDEF 14A2026-04-070000354950-26-000090CEO total compensation as printed in The Home Depot, Inc.'s own proxy. As printed: 16,191,127. Filing ↗machine: t169 · r4 · c15 · span 1200990–1201000
76Dollar Tree, Inc., Section 10b CEO totalDEF 14A2026-05-010001104659-26-053500CEO total compensation as printed in Dollar Tree, Inc.'s own proxy. As printed: 14,775,215. Filing ↗machine: t44 · r1 · c25 · span 1003747–1003757
77Macy’s, Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037752CEO total compensation as printed in Macy’s, Inc.'s own proxy. As printed: 14,104,067. Filing ↗machine: t362 · r9 · c18 · span 1944230–1944240
78The Kroger Co., Section 10b CEO totalDEF 14A2026-05-130001104659-26-060250CEO total compensation as printed in The Kroger Co.'s own proxy. As printed: 14,037,608. Filing ↗machine: t229 · r1 · c9 · span 692555–692565
79Costco Wholesale Corporation, Section 10b CEO totalDEF 14A2025-12-040000909832-25-000159CEO total compensation as printed in Costco Wholesale Corporation's own proxy. As printed: 13,932,597. Filing ↗machine: r2 · c48 · span 281465–281475
80Dollar General Corporation, Section 10b CEO totalDEF 14A2026-04-070001104659-26-040394CEO total compensation as printed in Dollar General Corporation's own proxy. As printed: 8,163,197. Filing ↗machine: r1 · c48 · span 767818–767827
81Amazon.com, Inc., Section 10b CEO totalDEF 14A2026-04-090001104659-26-041026CEO total compensation as printed in Amazon.com, Inc.'s own proxy. As printed: 2,069,861. Filing ↗machine: span 1010745–1010754
82Section 10a, Costco Wholesale Corporation reciprocityDEF 14A0000909832-25-000159Costco Wholesale Corporation names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Macy’s, Inc. reciprocityDEF 14A0001104659-26-037752Macy’s, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, Albertsons Companies, Inc. reciprocityDEF 14A0001140361-26-025819Albertsons Companies, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
85Section 10a, Lowe’s Companies, Inc. reciprocityDEF 14A0000060667-26-000056Lowe’s Companies, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, The Coca-Cola Company reciprocityDEF 14A0001104659-26-028215The Coca-Cola Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
87Section 10a, RTX Corporation reciprocityDEF 14A0001308179-26-000036RTX Corporation's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
88Section 10a, 3M Company reciprocityDEF 14A0000066740-26-0001513M Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
89Section 10a, Amazon.com, Inc. reciprocityDEF 14A0001104659-26-041026Amazon.com, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, Best Buy Co., Inc. reciprocityDEF 14A0001140361-26-018265Best Buy Co., Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
91Section 10a, Johnson Controls International plc reciprocityDEF 14A0001104659-26-004565Johnson Controls International plc's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
92Section 10a, The Cigna Group reciprocityDEF 14A0001739940-26-000023The Cigna Group names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
93Section 10a, NIKE, Inc. reciprocityDEF 14A0000320187-26-000089NIKE, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, The Home Depot, Inc. reciprocityDEF 14A0000354950-26-000090The Home Depot, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, The Procter & Gamble Company reciprocityDEF 14A0001193125-25-191749The Procter & Gamble Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
96Section 10a, Marriott International, Inc. reciprocityDEF 14A0001140361-26-011590Marriott International, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
97Section 10a, The Gap, Inc. reciprocityDEF 14A0001628280-26-021740The Gap, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
98Section 10a, UnitedHealth Group Incorporated reciprocityDEF 14A0001104659-26-046125UnitedHealth Group Incorporated's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
99Section 10a, United Parcel Service, Inc. reciprocityDEF 14A0001628280-26-019856United Parcel Service, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Dollar General Corporation reciprocityDEF 14A0001104659-26-040394Dollar General Corporation names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, Dollar Tree, Inc. reciprocityDEF 14A0001104659-26-053500Dollar Tree, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, Mondelez International, Inc. reciprocityDEF 14A0001628280-26-023640Mondelez International, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
103Section 10a, Walmart Inc. reciprocityDEF 14A0001193125-26-173673Walmart Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
105Section 10a, Johnson & Johnson reciprocityDEF 14A0000200406-26-000063Johnson & Johnson's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗