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TARGET CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and TARGET CORP.’s Form 8-K, filed June 13, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

15Reported items
1,264Asset managers
16,109Fund votes
June 11, 2025Meeting date

Results at a glance

Meeting of June 11, 2025: 12 items on TARGET CORP.’s Form 8-K, filed June 13, 2025: 12 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore TARGET CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by TARGET CORP.

These tallies are TARGET CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 13, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

TARGET CORP. — official shareholder meeting results, meeting held June 11, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: David P. Abney	324,236,477	2,445,557	--	--	3,232,183	99.2%	Not verified	—
Elect Director: Douglas M. Baker, Jr.	316,917,684	9,766,423	--	--	3,230,110	97%	Not verified	—
Elect Director: George S. Barrett	316,171,613	10,554,905	--	--	3,187,699	97%	Not verified	—
Elect Director: Gail K. Boudreaux	324,064,138	2,656,437	--	--	3,193,642	99.1%	Not verified	—
Elect Director: Brian C. Cornell	296,138,654	29,409,732	--	--	4,365,831	91%	Not verified	—
Elect Director: Robert L. Edwards	323,495,310	3,223,142	--	--	3,195,765	99.0%	Not verified	—
Elect Director: Donald R. Knauss	322,806,791	3,854,478	--	--	3,252,948	99%	Not verified	—
Elect Director: Christine A. Leahy	314,634,737	11,901,521	--	--	3,377,959	96%	Not verified	—
Elect Director: Monica C. Lozano	314,455,361	12,095,477	--	--	3,363,379	96%	Not verified	—
Elect Director: Grace Puma	324,797,771	1,938,997	--	--	3,177,449	99.4%	Not verified	—
Elect Director: Derica W. Rice	314,566,337	12,123,757	--	--	3,224,123	96%	Not verified	—
Elect Director: Dmitri L. Stockton	311,640,215	14,849,612	--	--	3,424,390	95%	Not verified	—

Source: TARGET CORP., Form 8-K, filed with the SEC on June 13, 2025 — read the filing on EDGAR.

How asset managers voted at the TARGET CORP. 2024-2025 meeting

Each item below shows how the 1,264 asset managers that disclosed a TARGET CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of TARGET CORP.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: David P. Abney

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%

FOR: 324,236,477AGAINST: 2,445,557

Details: description as filed, official tally, votes by 201 asset managers

Description as filed by funds: Election of Directors: David P. Abney

TARGET CORP.’s own tally for this item (“Elect Director: David P. Abney”): 324,236,477 for, 2,445,557 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 201 asset managers below reported 142,113,582 for, 12,477 against, 1 withheld, 28,254 abstained, 239 not voted.

FOR

FOR: 142,113,582AGAINST: 12,477ABSTAIN: 28,254WITHHOLD: 1NOT VOTED: 239

Largest asset managers voting on “Election of Directors: David P. Abney” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,438	5	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 201 asset managers. See all 201 in the interactive database.

2. Elect Director: Douglas M. Baker, Jr.

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 316,917,684AGAINST: 9,766,423

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Douglas M. Baker, Jr.

TARGET CORP.’s own tally for this item (“Elect Director: Douglas M. Baker, Jr.”): 316,917,684 for, 9,766,423 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 141,931,010 for, 193,235 against, 1 withheld, 28,254 abstained, 239 not voted, 320 unknown.

FOR

FOR: 141,931,010AGAINST: 193,235ABSTAIN: 28,254WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Douglas M. Baker, Jr.” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,423	20	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,526	216	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

3. Elect Director: George S. Barrett

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%

FOR: 316,171,613AGAINST: 10,554,905

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: George S. Barrett

TARGET CORP.’s own tally for this item (“Elect Director: George S. Barrett”): 316,171,613 for, 10,554,905 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 200 asset managers below reported 141,861,226 for, 274,092 against, 1 withheld, 17,183 abstained, 239 not voted, 320 unknown.

FOR

FOR: 141,861,226AGAINST: 274,092ABSTAIN: 17,183WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: George S. Barrett” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,422	22	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

4. Elect Director: Gail K. Boudreaux

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%

FOR: 324,064,138AGAINST: 2,656,437

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Gail K. Boudreaux

TARGET CORP.’s own tally for this item (“Elect Director: Gail K. Boudreaux”): 324,064,138 for, 2,656,437 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 142,123,152 for, 12,486 against, 1 withheld, 17,183 abstained, 239 not voted.

FOR

FOR: 142,123,152AGAINST: 12,486ABSTAIN: 17,183WITHHOLD: 1NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Gail K. Boudreaux” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,438	5	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

5. Elect Director: Brian C. Cornell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%

FOR: 296,138,654AGAINST: 29,409,732

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Brian C. Cornell

TARGET CORP.’s own tally for this item (“Elect Director: Brian C. Cornell”): 296,138,654 for, 29,409,732 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 140,115,436 for, 2,019,818 against, 2 withheld, 17,246 abstained, 239 not voted, 320 unknown.

FOR

FOR: 140,115,436AGAINST: 2,019,818ABSTAIN: 17,246WITHHOLD: 2UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Brian C. Cornell” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,383	58	9	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,550,422	9,233	0	For
State Street	8,018,732	4,010	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	0	1,376,405	0	Against
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

6. Elect Director: Robert L. Edwards

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%

FOR: 323,495,310AGAINST: 3,223,142

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Robert L. Edwards

TARGET CORP.’s own tally for this item (“Elect Director: Robert L. Edwards”): 323,495,310 for, 3,223,142 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 142,093,899 for, 41,417 against, 1 withheld, 17,183 abstained, 239 not voted, 320 unknown.

FOR

FOR: 142,093,899AGAINST: 41,417ABSTAIN: 17,183WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Robert L. Edwards” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,437	6	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

7. Elect Director: Donald R. Knauss

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 322,806,791AGAINST: 3,854,478

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Donald R. Knauss

TARGET CORP.’s own tally for this item (“Elect Director: Donald R. Knauss”): 322,806,791 for, 3,854,478 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 142,082,794 for, 41,452 against, 1 withheld, 28,255 abstained, 239 not voted, 320 unknown.

FOR

FOR: 142,082,794AGAINST: 41,452ABSTAIN: 28,255WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Donald R. Knauss” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,435	8	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

8. Elect Director: Christine A. Leahy

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 314,634,737AGAINST: 11,901,521

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Christine A. Leahy

TARGET CORP.’s own tally for this item (“Elect Director: Christine A. Leahy”): 314,634,737 for, 11,901,521 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 137,368,281 for, 4,755,956 against, 1 withheld, 28,262 abstained, 239 not voted, 320 unknown.

FOR

FOR: 137,368,281AGAINST: 4,755,956ABSTAIN: 28,262WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Christine A. Leahy” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,418	25	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	0	4,394,220	0	Against
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

9. Elect Director: Monica C. Lozano

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 314,455,361AGAINST: 12,095,477

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Monica C. Lozano

TARGET CORP.’s own tally for this item (“Elect Director: Monica C. Lozano”): 314,455,361 for, 12,095,477 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 200 asset managers below reported 141,901,690 for, 233,617 against, 1 withheld, 17,192 abstained, 239 not voted, 320 unknown.

FOR

FOR: 141,901,690AGAINST: 233,617ABSTAIN: 17,192WITHHOLD: 1UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Monica C. Lozano” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,418	25	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

10. Elect Director: Grace Puma

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 324,797,771AGAINST: 1,938,997

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Grace Puma

TARGET CORP.’s own tally for this item (“Elect Director: Grace Puma”): 324,797,771 for, 1,938,997 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 142,123,189 for, 12,450 against, 1 withheld, 17,182 abstained, 239 not voted.

FOR

FOR: 142,123,189AGAINST: 12,450ABSTAIN: 17,182WITHHOLD: 1NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Grace Puma” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,439	4	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

11. Elect Director: Derica W. Rice

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%

FOR: 314,566,337AGAINST: 12,123,757

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Derica W. Rice

TARGET CORP.’s own tally for this item (“Elect Director: Derica W. Rice”): 314,566,337 for, 12,123,757 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 200 asset managers below reported 137,391,805 for, 4,743,831 against, 1 withheld, 17,185 abstained, 239 not voted.

FOR

FOR: 137,391,805AGAINST: 4,743,831ABSTAIN: 17,185WITHHOLD: 1NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Derica W. Rice” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,287,421	22	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	0	4,394,220	0	Against
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

12. Elect Director: Dmitri L. Stockton

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%

FOR: 311,640,215AGAINST: 14,849,612

Details: description as filed, official tally, votes by 200 asset managers

Description as filed by funds: Election of Directors: Dmitri L. Stockton

TARGET CORP.’s own tally for this item (“Elect Director: Dmitri L. Stockton”): 311,640,215 for, 14,849,612 against, per its Form 8-K filed June 13, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 200 asset managers below reported 137,430,259 for, 4,771,495 against, 2 withheld, 17,196 abstained, 239 not voted.

FOR

FOR: 137,430,259AGAINST: 4,771,495ABSTAIN: 17,196WITHHOLD: 2NOT VOTED: 239

Largest asset managers voting on “Election of Directors: Dmitri L. Stockton” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,268,394	19,048	7	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,742	0	0	For
Capital Group	5,580,680	0	0	For
MFS	0	4,394,220	0	Against
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 200 asset managers. See all 200 in the interactive database.

13. Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).

No official match Fund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 15 wordings of this item as funds reported it.

95% Fund and manager reports combined; may count the same shares twice · no official result

FOR

Details: votes by 1,253 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 183 asset managers voting on “Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,265,400	22,047	3	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,551,751	7,904	0	For
State Street	8,010,658	12,084	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	0	1,541,671	0	Against
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Fund voting reports, all 183 managers: 139,315,592 for, 2,052,120 against, 1 withheld, 14,762 abstained, 239 not voted. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,101 asset managers voting on “Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).” at TARGET CORP., 2024-2025
Asset manager	For	Against	Vote
Charles Schwab	16,227,247	0	For
State Street	15,889,551	176,302	For
BlackRock	14,102,630	8,103	For
GEODE CAPITAL MANAGEMENT, LLC	10,185,266	0	For
Fidelity	9,931,629	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	6,601,197	0	For
Capital Group	5,457,923	8,895	For
Northern Trust	4,028,944	24,867	For
Putnam	4,037,556	0	For
Vanguard	3,119,390	0	For
Clearbridge Investments, LLC	2,776,486	15,760	For
Invesco	2,790,900	0	For
BANK OF AMERICA NA	2,506,881	0	For
RBC Capital Markets, LLC	2,420,330	0	For
Amundi	0	2,345,800	Against
FRANKLIN ADVISERS INC	2,329,891	0	For
Legal & General Investment Management Ltd	52,859	1,963,462	Against
FRANKLIN MUTUAL ADVISERS LLC	2,012,986	0	For
MELLON INVESTMENTS Corp	2,008,548	0	For
STIFEL NICOLAUS & CO INC \MO\	1,890,731	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	1,681,907	Against
Nuveen	5,141	1,591,865	Against
T. Rowe Price	1,325,200	0	For
WELLS FARGO BANK N A	1,235,289	0	For
Sumitomo Mitsui Trust Asset Management Co., Ltd.	1,113,302	0	For

Institutional-manager reports, all 1,101 managers: 162,184,484 for, 14,583,058 against, 88,253 abstained, 93,236 not voted, 384 unknown. Showing the 25 largest; see all in the interactive database.

14. Company proposal to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm.

No official matchAUDIT-RELATED

Combines 3 wordings of this item as funds reported it.

99.7% of fund votes cast · no official result

FOR

Details: votes by 194 asset managers

The 194 asset managers below reported 141,468,344 for, 309,640 against, 21,738 abstained, 239 not voted, 320 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 141,468,344AGAINST: 309,640ABSTAIN: 21,738UNKNOWN: 320NOT VOTED: 239

Largest asset managers voting on “Company proposal to ratify the appointment of Ernst & Young LLP as our independent registered public accountin” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	43,268,382	19,066	2	For
Charles Schwab	16,186,625	0	0	For
Fidelity	15,912,488	0	0	For
BlackRock	11,559,655	0	0	For
State Street	8,022,526	216	0	For
Capital Group	5,580,680	0	0	For
MFS	4,394,220	0	0	For
Pacer Funds Trust	3,111,616	0	0	For
Putnam	2,918,360	0	0	For
Invesco	2,089,382	0	0	For
FRANKLIN MUTUAL SERIES FUNDS	1,965,881	0	0	For
TIAA	1,541,671	0	0	For
Columbia Threadneedle	1,482,717	0	0	For
Smead Funds Trust	1,376,405	0	0	For
ProShares	1,334,527	0	0	For
DIAMOND HILL FUNDS	1,221,378	0	0	For
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	1,074,527	0	0	For
WisdomTree	1,067,377	0	0	For
Dimensional	1,017,861	0	0	For
American Century	970,628	0	0	For
Prudential/PGIM	952,210	0	0	For
First Trust	948,427	0	0	For
Victory Capital	861,990	0	0	For
MASTER INVESTMENT PORTFOLIO	759,292	0	0	For

Showing the 25 largest of 194 asset managers. See all 194 in the interactive database.

15. Shareholder proposal requesting a report on how affirmative action initiatives impact Target's risks related to actual…

No official matchDIVERSITY, EQUITY, AND INCLUSION

Combines 4 wordings of this item as funds reported it.

4% of fund votes cast · no official result

AGAINST

Details: description as filed, votes by 195 asset managers

Description as filed by funds: Shareholder proposal requesting a report on how affirmative action initiatives impact Target's risks related to actual and perceived discrimination.

The 195 asset managers below reported 5,407,032 for, 136,167,866 against, 2 withheld, 226,234 abstained, 639 not voted. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 5,407,032AGAINST: 136,167,866ABSTAIN: 226,234WITHHOLD: 2NOT VOTED: 639

Largest asset managers voting on “Shareholder proposal requesting a report on how affirmative action initiatives impact Target's risks related t” at TARGET CORP., 2024-2025
Asset manager	For	Against	Abstain	Vote
Vanguard	46	43,287,394	10	Against
Charles Schwab	461	16,186,164	0	Against
Fidelity	0	15,912,488	0	Against
BlackRock	2,614	11,557,041	0	Against
State Street	0	8,022,742	0	Against
Capital Group	0	5,580,680	0	Against
MFS	0	4,394,220	0	Against
Pacer Funds Trust	3,111,616	0	0	For
Putnam	0	2,918,360	0	Against
Invesco	0	2,089,382	0	Against
FRANKLIN MUTUAL SERIES FUNDS	0	1,965,881	0	Against
TIAA	0	1,541,671	0	Against
Columbia Threadneedle	0	1,482,717	0	Against
Smead Funds Trust	0	1,376,405	0	Against
ProShares	0	1,334,527	0	Against
DIAMOND HILL FUNDS	0	1,221,378	0	Against
FRANKLIN MANAGED TRUST	1,110,000	0	0	For
Legg Mason	0	1,074,527	0	Against
WisdomTree	0	1,067,377	0	Against
Dimensional	0	1,017,861	0	Against
American Century	0	970,628	0	Against
Prudential/PGIM	0	952,210	0	Against
First Trust	0	948,427	0	Against
Victory Capital	0	861,990	0	Against
MASTER INVESTMENT PORTFOLIO	0	759,292	0	Against

Showing the 25 largest of 195 asset managers. See all 195 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of June 12, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest TARGET CORP. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 454,365,901 shares outstanding at the time of that meeting.

Fund voting reports: top TARGET CORP. shareholders by shares voted on “Election of Directors: David P. Abney”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	9.53%
2	Charles Schwab	3.56%
3	Fidelity	3.50%
4	BlackRock	2.54%
5	State Street	1.77%
6	Capital Group	1.23%
7	MFS	0.97%
8	Pacer Funds Trust	0.68%
9	Putnam	0.64%
10	Invesco	0.46%

Institutional-manager reports: top TARGET CORP. shareholders by shares voted on “Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay).”, 2024-2025
#	Asset manager	% of shares outstanding
1	Charles Schwab	3.58%
2	State Street	3.54%
3	BlackRock	3.11%
4	GEODE CAPITAL MANAGEMENT, LLC	2.24%
5	Fidelity	2.19%
6	MASSACHUSETTS FINANCIAL SERVICES CO /MA/	1.45%
7	Capital Group	1.20%
8	Northern Trust	0.89%
9	Putnam	0.89%
10	Vanguard	0.69%

Reported TARGET CORP. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

TARGET CORP. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
The Vanguard Group	9.89%	DEF14A
State Street Corporation	7.93%	DEF14A
BlackRock, Inc.	7.15%	DEF14A
Charles Schwab	3.51%	13F
FMR (Fidelity)	2.78%	13F
Geode Capital	2.24%	13F
Franklin Templeton	1.83%	13F
Citadel Advisors	1.64%	13F
Morgan Stanley	1.61%	13F
Goldman Sachs	1.18%	13F

Percentages above are of 454,365,901 shares outstanding, as reported by TARGET CORP. on its Form 10-Q dated May 23, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from TARGET CORP.’s 10-Q dated May 23, 2025. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At TARGET CORP.'s shareholder meeting held June 11, 2025, in the 2024-2025 proxy season, 1,264 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,109 separate fund positions. Their filings are grouped here into 15 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. TARGET CORP.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Company proposal to approve, on an advisory basis, our executive compensation (Say on Pay). — the reporting funds and managers cast 95% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

TARGET CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.