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Target Corp. CEO Makes $6.2M Profit on Stock Sale

Gregg Steinhafel exercised an option to buy 200,000 shares at $33.80 on Friday and turned around to sell off the stock at $64.57.

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TARGET PAY: The man at the center of the bull’s-eye, Gregg Steinhafel, chairman, president and chief executive officer at Target Corp., exercised an option to buy 200,000 shares of the retailer at $33.80 Friday and turned around to sell off the stock at $64.57, a $6.2 million profit. Steinhafel continues to own 269,924 shares of the company directly and another 368,708 shares indirectly, according to a filing with the Securities and Exchange Commission.