Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-02

Target (TGT)

CEO Michael Fiddelke was paid $9,598,071 in fiscal year 2025, ↑ up 42.4% from fiscal year 2024, the 8th percentile of its disclosed peer group (SEC filing 0001628280-26-027508 ↗): 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
Chair & former Chief Executive Officer — highest-paid officer; CEO Michael Fiddelke: $9,598,071
8th
CEO (Michael Fiddelke) pay percentile vs peers
794:1
CEO-to-median pay ratio
89.02%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Michael Fiddelke (Former EVP & Chief Operating Officer and current Chief Executive Officer), FY2025 total compensation $9,598,071 (base salary $1,065,385) [exec_comp, SEC accession 0001628280-26-027508, filed 2026-04-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

TGT's next annual pay disclosure, estimated April 26, 2027.est. Filing ↗

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 FY2024→2025
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.

You have just read Target's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper TGT reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

How we handle your data → Privacy

Companies that benchmark against TGT
34 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.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Christine A. LeahyLead Independent Director$313,030
David P. AbneyIndependent Director$320,006
Derica W. RiceIndependent Director$320,053
Dmitri L. StocktonIndependent Director$345,006
Donald R. KnaussIndependent Director$345,006
Douglas M. Baker JrIndependent Director$320,006
Gail K. BoudreauxIndependent Director$320,053
George S. BarrettIndependent Director$345,041
Grace PumaIndependent Director$320,006
John R. Hoke IIIIndependent Director—
Monica C. LozanoIndependent Director$345,006
Robert L. EdwardsIndependent Director$320,006
Stephen B. BratspiesIndependent Director—
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. CornellDirector2026-05-27D49,000$130$6,362,077CommonForm 4 ↗
Brian C. CornellDirector2026-05-27D1,000131130,546CommonForm 4 ↗
Cara A. SylvesterExecutive Officer2026-05-29D10,0001261,258,905CommonForm 4 ↗
Lisa R. RoathExecutive Officer2026-06-29D7,000138966,490CommonForm 4 ↗
Grant B. McGeeExecutive Officer2026-06-30A4,12700CommonForm 4 ↗
Grant B. McGeeExecutive Officer2026-06-30A15,28200CommonForm 4 ↗
Joseph Michael DePintoDirector2026-08-03A1,00700CommonForm 4 ↗
Matthew A. LiegelChief Accounting Officer2026-08-21D926164151,410CommonForm 4 ↗
Melissa KremerExecutive Officer2026-08-24D15,5001702,634,318CommonForm 4 ↗
Brian C. CornellDirector2026-08-25D50,0001648,177,780CommonForm 4 ↗
Mark A. WeinsteinExecutive Officer2026-09-30A23,78700CommonForm 4 ↗
Mark A. WeinsteinExecutive Officer2026-09-30A2,14200CommonForm 4 ↗
Jim LeeExecutive Officer2026-09-30D7,6361581,206,030CommonForm 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
Jim LeePSU2025-03-12019,883—39,766$2,160,089
Jim LeePSU2025-03-12013,808—27,6161,500,101
Richard GomezPSU2025-03-12013,808—27,6161,500,101
Michael FiddelkePSU2025-03-12013,808—27,6161,500,101
Brian CornellPSU2025-03-1250,81167,747—84,6847,515,175
Richard GomezPSU2025-03-129,11412,151—15,1891,347,910
Melissa KremerPSU2025-03-127,1809,573—11,9671,061,933
Amy TuPSU2025-03-128,28511,046—13,8081,225,333
Melissa KremerPSU2025-03-12013,808—27,6161,500,101
Brian CornellPSU2025-03-120101,621—203,24211,040,105
Michael FiddelkePSU2025-03-1217,39723,196—28,9952,573,132
Michael FiddelkePSU2025-03-12034,794—69,5883,780,020
Richard GomezPSU2025-03-12018,226—36,4521,980,073
Jim LeePSU2025-03-129,94213,255—16,5691,470,377
Melissa KremerPSU2025-03-12014,360—28,7201,560,070
Amy TuPSU2025-03-12013,808—27,6161,500,101
Amy TuPSU2025-03-12016,569—33,1381,800,056
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jim Lee$0$5,130,567$0100.0%
Richard Gomez04,828,0840100.0%
Michael Fiddelke07,853,2530100.0%
Brian Cornell018,555,2800100.0%
Melissa Kremer04,122,1040100.0%
Amy Tu04,525,4900100.0%

% 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
Brian CornellPSU177,436—$18,714,175
Brian CornellPSU99,989—10,545,840
Michael FiddelkePSU75,223—7,933,770
Jim LeePSU49,187—5,187,753
Richard GomezPSU46,295—4,882,734
Melissa KremerPSU39,544—4,170,706
Jim LeeRSU31,798—3,353,735
Michael FiddelkePSU30,721—3,240,144
Richard GomezPSU16,347—1,724,118
Melissa KremerPSU14,710—1,551,464
Jim LeePSU10,303—1,086,657
Amy TuPSU5,788—610,460
Amy TuPSU4,179—440,759
05

Incentive-plan design — the Compensation Discussion & Analysis

Target's executive compensation is directly linked to performance and long-term value creation, with a significant portion of pay at risk to align with financial and operational results. The program is designed to attract, retain, and motivate a premier management team while balancing near-term and long-term strategic goals through a mix of base salary, short-term incentives, and long-term incentives.

CEO STI target (% of salary)—
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
George S. BarrettIndependent · Compensation and Human Capital Management · Governance and Sustainability (Chair)$0$345,041———$345,041
Monica C. LozanoIndependent · Compensation and Human Capital Management (Chair) · Governance and Sustainability145,000200,006———345,006
Donald R. KnaussIndependent · Compensation and Human Capital Management · Infrastructure and Finance (Chair)145,000200,006———345,006
Dmitri L. StocktonIndependent · Audit and Risk (Chair) · Governance and Sustainability145,000200,006———345,006
Gail K. BoudreauxIndependent · Compensation and Human Capital Management · Governance and Sustainability0320,053———320,053
Derica W. RiceIndependent · Audit and Risk · Infrastructure and Finance0320,053———320,053
Robert L. EdwardsIndependent · Audit and Risk · Infrastructure and Finance120,000200,006———320,006
Douglas M. Baker JrIndependent · Compensation & Human Capital Management · Governance & Sustainability120,000200,006———320,006
Grace PumaIndependent · Audit and Risk · Infrastructure and Finance120,000200,006———320,006
David P. AbneyIndependent · Audit and Risk · Infrastructure and Finance120,000200,006———320,006
Brian C. CornellEmployee director · Board Chair—————0
Michael J. FiddelkeEmployee director · Partial-year service · Newly elected—————0
Stephen B. BratspiesIndependent · Audit and Risk · Infrastructure and Finance · Partial-year service · Newly elected000000
John R. Hoke IIIIndependent · Compensation and Human Capital Management · Governance and Sustainability · 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 guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$915,000
Equity awards (grant-date value)$2,385,189
All other compensation$0
Total cost of the board$3,300,189

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
3The Coca-Cola Company2025James Quincey1,675,00012,516,10910,352,2555,025,00031,208,165
4Walmart Inc.2026Doug McMillon1,500,00021,051,60504,032,00029,240,930
5FedEx Corporation2026Rajesh Subramaniam1,550,0006,731,3643,715,06210,593,50027,554,018
6The TJX Companies, Inc.2026Ernie Herrman1,700,00014,300,17308,386,10026,603,537
7RTX Corporation2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
8Mondelez International, Inc.2025Dirk Van de Put1,624,61514,530,3594,401,5553,234,00024,516,114
9Archer-Daniels-Midland Company2025Juan Luciano1,492,50017,700,05502,826,79523,886,978
10Marriott International, Inc.2025Anthony Capuano1,400,00112,010,6964,125,2054,526,83022,970,926
11United Parcel Service, Inc.2025Carol Tomé1,509,71317,550,5461,358,7542,264,56922,878,788
12The Cigna Group2025David Cordani1,600,00013,929,1613,400,0193,200,00022,866,134
13Elevance Health, Inc.2025Gail Boudreaux1,600,00013,440,2774,199,7652,768,00022,582,314
14MetLife, Inc.2025Michel Khalaf1,500,00014,797,60104,600,00022,364,273
15Lowe’s Companies, Inc.2025Marvin Ellison1,544,23112,480,4674,262,8953,232,69321,581,889
163M Company2025William Brown1,800,0007,753,8527,001,2423,745,32221,005,009
17Johnson Controls International plc2025Joakim Weidemanis825,00012,849,0883,749,9932,357,24719,963,827
18The Procter & Gamble Company2026Shailesh Jejurikar1,387,50011,035,2093,500,010018,976,742
19Best Buy Co., Inc.2026Corie Barry1,300,00013,699,94702,185,82017,346,126
20The Gap, Inc.2025Richard Dickson1,400,00010,891,24204,435,63817,185,636
21Albertsons Companies, Inc.2025Susan Morris1,330,76911,010,00902,220,70616,767,866
22The Home Depot, Inc.2025Edward Decker1,400,0009,612,2512,369,9172,657,63116,191,127
23Dollar Tree, Inc.2025Michael Creedon, Jr.1,300,0009,443,15503,166,80014,775,215
24The Kroger Co.2025Ronald L. Sargent3,975,80610,000,077——14,037,608
25General Mills, Inc.2026Jeffrey Harmening1,350,0007,326,4052,279,9731,404,54014,018,052
26Costco Wholesale Corporation2025Ron Vachris1,183,27012,036,8000600,00013,932,597
27Target2025Michael Fiddelke1,065,3857,853,2530300,8829,598,071
28Kohl’s Corporation2025Ashley Buchanan368,7509,000,005009,582,736
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 · PBRSU 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 constituentsnot disclosed
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.not disclosedPSU 50 · RSU 50NoMeridian Compensation Partners
Elevance Health, Inc.86.5%PSU 52 · RSU 24 · Options 24NoWillis Towers Watson (WTW)
FedEx Corporation112.5%not disclosedYes — Relative TSR (FY24-FY26 LTI Cash Plan)Meridian Compensation Partners, LLC
General Mills, Inc.58%PSU 50 · RSU 25 · Options 25Yes — Relative TSR ModifierFW Cook
Johnson Controls International plc176.6%PSU 50 · Option 25 · RSU 25Yes — TSR Relative to S&P 500 IndustrialsFarient Advisors LLC
Kohl’s Corporationnot disclosednot disclosednot disclosedNot explicitly named in provided text (referred to only as 'independent compensation consultant')
Lowe’s Companies, Inc.104.67%PSU 39 · RSA 30 · Stock Options 20NoSemler 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 · Option 25 · RSU 25Yes — Relative TSRnot disclosed
Publix Super Markets, Inc.not disclosednot disclosednot disclosednot disclosed
RTX Corporation164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook
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%PRSU 60 · RSU 40NoFrederic 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 Companynot disclosedPSU 50 · Options 25 · RSU 25Yes — Relative TSR MultiplierMeridian Compensation Partners, LLC
The TJX Companies, Inc.180.7%PSU 54 · RSU 35 · LRPIP 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.

10d

Frequently asked questions

Who was the highest-paid executive at Target in fiscal 2025?
As disclosed, Brian Cornell (Chair & former Chief Executive Officer) was the highest-paid executive at Target in fiscal 2025, with total compensation of $21,830,088.
How does Target's chief executive pay compare to its disclosed peer group?
As disclosed, Michael Fiddelke's total compensation ranked at the 8th percentile of Target's disclosed peer group.
What is Target's CEO-to-median employee pay ratio?
As disclosed, Target's CEO-to-median employee pay ratio was 794:1.
How did shareholders vote on Target's executive compensation?
As disclosed, 89.02% of shareholders supported Target's executive compensation in the latest say-on-pay vote.
How much does Target spend in total on board compensation for fiscal 2025?
As disclosed, Target reported total board compensation of $3,300,189 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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 2775824–2775835
2Section 01, Michael FiddelkeDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 9,598,071. Filing ↗machine: r7 · c8 · span 2799507–2799517
3Section 01, Jim LeeDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 6,434,500. Filing ↗machine: r5 · c8 · span 2790116–2790126
4Section 01, Richard GomezDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 6,185,713. Filing ↗machine: r10 · c8 · span 2813788–2813798
5Section 01, Amy TuDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 5,820,110. Filing ↗machine: r13 · c8 · span 2828005–2828015
6Section 01, Melissa KremerDEF 14A2026-04-270001628280-26-027508Section “Summary compensation table” · page 58. As printed: 5,402,931. Filing ↗machine: r12 · c8 · span 2822732–2822742
7Section 03, Jim Lee PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2960271–2960281
8Section 03, Jim Lee PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2965466–2965476
9Section 03, Richard Gomez PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2988082–2988092
10Section 03, Michael Fiddelke PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2977111–2977121
11Section 03, Brian Cornell PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2955122–2955132
12Section 03, Richard Gomez PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2985489–2985499
13Section 03, Melissa Kremer PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2996892–2996902
14Section 03, Amy Tu PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 3007714–3007724
15Section 03, Melissa Kremer PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2999710–2999720
16Section 03, Brian Cornell PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2952303–2952314
17Section 03, Michael Fiddelke PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2974293–2974303
18Section 03, Michael Fiddelke PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2971465–2971475
19Section 03, Richard Gomez PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2982887–2982897
20Section 03, Jim Lee PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2962873–2962883
21Section 03, Melissa Kremer PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 2994065–2994075
22Section 03, Amy Tu PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 3010613–3010623
23Section 03, Amy Tu PSUDEF 14A1900-01-010001628280-26-027508Section “Grants of plan-based awards in Fiscal 202” · grants of plan-based awards table. Filing ↗machine: span 3005112–3005122
24Section 07, pay ratioDEF 14A2026-04-270001628280-26-027508Section “CEO Pay Ratio”. As printed: 794 : 1. Filing ↗machine: span 3565008–3565016
25Section 08, George S. BarrettDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,041. Filing ↗machine: span 1605457–1605862
26Section 08, Monica C. LozanoDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: span 1616427–1616833
27Section 08, Donald R. KnaussDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: span 1612180–1612583
28Section 08, Dmitri L. StocktonDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 345,006. Filing ↗machine: span 1622810–1623217
29Section 08, Gail K. BoudreauxDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,053. Filing ↗machine: span 1607456–1607860
30Section 08, Derica W. RiceDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,053. Filing ↗machine: span 1619931–1620334
31Section 08, Robert L. EdwardsDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: span 1609941–1610347
32Section 08, Douglas M. Baker JrDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: span 1603723–1604126
33Section 08, Grace PumaDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: span 1618430–1618837
34Section 08, David P. AbneyDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 320,006. Filing ↗machine: span 1601735–1602141
35Section 08, Brian C. CornellDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
36Section 08, Michael J. FiddelkeDEF 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, John R. Hoke IIIDEF 14A2026-04-270001628280-26-027508Section “Director Compensation”. As printed: 0. Filing ↗
39Section 02, Brian C. Cornell 2026-05-27Form 42026-05-280001288709-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Brian C. Cornell 2026-05-27Form 42026-05-280001288709-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Cara A. Sylvester 2026-05-29Form 42026-06-010001846662-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Lisa R. Roath 2026-06-29Form 42026-06-300002110401-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Grant B. McGee 2026-06-30Form 42026-07-010002010725-26-000006Insider 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, Joseph Michael DePinto 2026-08-03Form 42026-08-040001321400-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Matthew A. Liegel 2026-08-21Form 42026-08-240001921955-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Melissa Kremer 2026-08-24Form 42026-08-260001764843-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Brian C. Cornell 2026-08-25Form 42026-08-270001288709-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Mark A. Weinstein 2026-09-30Form 42026-10-020002153131-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Mark A. Weinstein 2026-09-30Form 42026-10-020002153131-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Jim Lee 2026-09-30Form 42026-10-020001941816-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
52Section 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 ↗
53Section 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 ↗
54Section 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 ↗
55Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
56Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
57Section 09b board cost (computed)Computed——Cash 915,000 + equity 2,385,189 + all other 0 = 3,300,189, summed across the director compensation table rows.machine: formula: Σ = 3,300,189
58UnitedHealth 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
59NIKE, 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: r2 · c24 · span 647557–647567
60The 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
61Walmart 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
62FedEx 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
63The 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
64RTX 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
65Mondelez 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
66Archer-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
67Marriott 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
68United 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
69The 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
70Elevance Health, Inc., Section 10b CEO totalDEF 14A2026-03-270001156039-26-000031CEO total compensation as printed in Elevance Health, Inc.'s own proxy. As printed: 22,582,314. Filing ↗machine: span 1161376–1161386
71MetLife, 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
72Lowe’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
733M 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
74Johnson 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 ↗
75The Procter & Gamble Company, Section 10b CEO totalDEF 14A2026-08-280001193125-26-372211CEO total compensation as printed in The Procter & Gamble Company's own proxy. As printed: 18,976,742. Filing ↗
76Best 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 1511831–1511842
77The 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
78Albertsons 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
79The 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
80Dollar 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
81The 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
82General Mills, Inc., Section 10b CEO totalDEF 14A2026-08-130001628280-26-056619CEO total compensation as printed in General Mills, Inc.'s own proxy. As printed: 14,018,052. Filing ↗machine: t159 · r2 · c8 · span 1890686–1890696
83Costco 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
84Target (subject), Section 10b CEO totalDEF 14A2026-04-270001628280-26-027508CEO total compensation as printed in Target's own proxy. As printed: 9,598,071. Filing ↗machine: r7 · c8 · span 2799507–2799517
85Kohl’s Corporation, Section 10b CEO totalDEF 14A2026-04-100001104659-26-041769CEO total compensation as printed in Kohl’s Corporation's own proxy. As printed: 9,582,736. Filing ↗machine: t495 · r23 · c16 · span 3003658–3003667
86Dollar 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
87Amazon.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
88Section 10a, The Procter & Gamble Company reciprocityDEF 14A—0001193125-26-372211The Procter & Gamble Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
89Section 10a, The Coca-Cola Company reciprocityDEF 14A—0001104659-26-028215The Coca-Cola Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
90Section 10a, Elevance Health, Inc. reciprocityDEF 14A—0001156039-26-000031Elevance Health, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
91Section 10a, Dollar General Corporation reciprocityDEF 14A—0001104659-26-040394Dollar General Corporation names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
92Section 10a, RTX Corporation reciprocityDEF 14A—0001308179-26-000036RTX Corporation's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
93Section 10a, Dollar Tree, Inc. reciprocityDEF 14A—0001104659-25-044819Dollar Tree, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
94Section 10a, General Mills, Inc. reciprocityDEF 14A—0001628280-26-056619General Mills, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
95Section 10a, The Gap, Inc. reciprocityDEF 14A—0001628280-26-021740The Gap, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
96Section 10a, Walmart Inc. reciprocityDEF 14A—0001193125-26-173673Walmart Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, United Parcel Service, Inc. reciprocityDEF 14A—0001628280-26-019856United Parcel Service, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, Johnson Controls International plc reciprocityDEF 14A—0001104659-26-004565Johnson Controls International plc's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
99Section 10a, UnitedHealth Group Incorporated reciprocityDEF 14A—0001104659-26-046125UnitedHealth Group Incorporated's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
100Section 10a, Marriott International, Inc. reciprocityDEF 14A—0001140361-26-011590Marriott International, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
101Section 10a, Albertsons Companies, Inc. reciprocityDEF 14A—0001140361-26-025819Albertsons Companies, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, The Home Depot, Inc. reciprocityDEF 14A—0000354950-26-000090The Home Depot, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
103Section 10a, 3M Company reciprocityDEF 14A—0000066740-26-0001513M Company's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
104Section 10a, Amazon.com, Inc. reciprocityDEF 14A—0001104659-26-041026Amazon.com, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
105Section 10a, Kohl’s Corporation reciprocityDEF 14A—0001104659-24-043965Kohl’s Corporation's most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
106Section 10a, Best Buy Co., Inc. reciprocityDEF 14A—0001140361-26-018265Best Buy Co., Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
107Section 10a, Mondelez International, Inc. reciprocityDEF 14A—0001628280-26-023640Mondelez International, Inc.'s most recent proxy was read; its disclosed peer group does not include Target. Filing ↗
108Section 10a, Lowe’s Companies, Inc. reciprocityDEF 14A—0001193125-25-083589Lowe’s Companies, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
109Section 10a, The Cigna Group reciprocityDEF 14A—0001739940-26-000023The Cigna Group names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, NIKE, Inc. reciprocityDEF 14A—0000320187-26-000089NIKE, Inc. names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗
111Section 10a, Costco Wholesale Corporation reciprocityDEF 14A—0000909832-25-000159Costco Wholesale Corporation names Target in its own disclosed peer group (read from its most recent proxy). Filing ↗

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.