Target Executive Chair Brian Cornell Sells $8.2 Million Worth of Shares
Brian C. Cornell, former CEO and current executive chair of Target Corporation (TGT), sold 50,000 shares on August 25, 2026, for approximately $8.2 million at a weighted average price of $163.56 per share. The transaction accounted for about 15% of his total equity holdings prior to the sale and left him with roughly $45.53 million in remaining shares held directly and indirectly. The stock closed slightly below Cornell's execution price at $163.47 on the day of the trade, while it rose modestly to $164.01 by the next market close. Over the past year, Target’s stock had delivered a total return of 68%, suggesting strong performance that may have influenced the timing of Cornell's sale. Analysts suggest this transaction likely reflects a pre-scheduled trading plan rather than an indication of confidence or concern about the company’s future prospects.
Tickers: $TGT
Topics: executive activity SEC Form 4 stock sale