Target Corp. granted thousands of share units to its executives and board members last month on the day before the company announced plans to close its Canadian stores, pushing the retailer’s share price higher as investors applauded the news.
Regulatory filings of insider transactions show 10 of Target’s top executives – including chief executive officer Brian Cornell – and 10 members of Target’s board were granted a total of 113,298 performance share units on Jan. 14 as part of the company’s annual grant of equity under its compensation plan. Mr. Cornell alone received 22,749 share units.
Regulatory filings of insider transactions show 10 of Target’s top executives – including chief executive officer Brian Cornell – and 10 members of Target’s board were granted a total of 113,298 performance share units on Jan. 14 as part of the company’s annual grant of equity under its compensation plan. Mr. Cornell alone received 22,749 share units.