Target gives president special incentive to stay

(Reuters) - To ensure President Gregg Steinhafel, 52, stays with the retailer as it undergoes succession planning, it said it granted him a special award in June that consisted of stock options and a performance share unit award.

Target said the option grant would become exercisable on the fourth anniversary of the grant date, but Steinhafel would forfeit the entire award if he voluntarily ended his employment at Target before the vesting date.


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