<p>Target Corporation has announced new compensation terms for its executive leadership as part of a management transition effective February 1, 2026. Former CEO Brian C. Cornell will step down and serve as Executive Chair of the Board, receiving an annual base salary of $1.12 million, eligibility for a fiscal 2026 cash incentive with a target opportunity of 200% of base salary, and a $6 million restricted stock unit award in March 2026. Michael J. Fiddelke, appointed as the new CEO, will receive an annual base salary of $1.30 million, a target annual cash incentive of 200% of base salary, and stock-based awards valued at $12.1 million, to be granted in March 2026. Both executives will receive additional benefits in line with Target’s leadership team policies. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Target Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000027419-26-000004), on February 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here</p>

Target Sets New CEO Pay at $1.3 Million Salary Plus Incentives