8-KLeadership ChangesExhibits & Filings

TARGET CORP 8-K Report, Executive Changes (Jan 11, 2012)

Filed January 11, 2012For Securities:TGT

Summary

Target Corporation (TGT) filed an 8-K report on January 11, 2012, detailing the adoption of standardized award agreements for its 2011 Long-Term Incentive Plan. These forms cover various equity awards, including non-qualified stock options, restricted stock units (RSUs), and performance share units, for both executive officers and non-employee directors. This filing is important for investors as it outlines the structure and terms under which key personnel and directors will receive equity-based compensation. The standardized agreements aim to ensure consistency and clarity in compensation practices, which can be a factor in executive retention and alignment with shareholder interests. Investors should review these forms to understand the potential dilution, vesting schedules, and performance metrics associated with these incentive programs.

Key Highlights

  • 1Target Corporation filed an 8-K on January 11, 2012.
  • 2The filing pertains to the Target Corporation 2011 Long-Term Incentive Plan.
  • 3Standardized award agreements for equity compensation have been authorized and will be used on or after January 11, 2012.
  • 4These agreements cover grants of non-qualified stock options, restricted stock units, and performance share units.
  • 5Awards are designated for both executive officers and non-employee directors.
  • 6The forms of award agreements were attached as exhibits (10)BB through (10)FF and incorporated by reference.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide the standardized forms of award agreements that Target Corporation will use for granting equity-based compensation to its executive officers and non-employee directors under the 2011 Long-Term Incentive Plan.

Both executive officers and non-employee directors of Target Corporation are eligible to receive awards under these standardized agreements.

The agreements cover non-qualified stock options, restricted stock units (RSUs), and performance share units.

Investors can find the specific terms and conditions of these awards by reviewing the exhibits attached to the 8-K filing, which include Forms (10)BB through (10)FF, such as the Form of Executive Non-Qualified Stock Option Agreement and the Form of Non-Employee Director Restricted Stock Unit Agreement.