diff --git a/core/src/main/scala-3/src/main/scala/cats/compat.scala b/core/src/main/scala-3/src/main/scala/cats/compat/package.scala
similarity index 91%
rename from core/src/main/scala-3/src/main/scala/cats/compat.scala
rename to core/src/main/scala-3/src/main/scala/cats/compat/package.scala
index f324e9fc4d..1cc8b9ecc4 100644
--- a/core/src/main/scala-3/src/main/scala/cats/compat.scala
+++ b/core/src/main/scala-3/src/main/scala/cats/compat/package.scala
@@ -19,6 +19,8 @@
  * CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
  */
 
-package cats.compat
+package cats
 
-private[cats] type targetName = scala.annotation.targetName
+package object compat {
+  private[cats] type targetName = scala.annotation.targetName
+}
diff --git a/mima.sbt b/mima.sbt
index 67d4cf5c9e..6581068fea 100644
--- a/mima.sbt
+++ b/mima.sbt
@@ -145,6 +145,10 @@ ThisBuild / mimaBinaryIssueFilters ++= {
       exclude[ReversedAbstractMethodProblem]("cats.free.ContravariantCoyoneda.k"),
       exclude[DirectAbstractMethodProblem]("cats.free.Coyoneda.k"),
       exclude[ReversedAbstractMethodProblem]("cats.free.Coyoneda.k")
+    ) ++ // https://github.com/typelevel/cats/pull/4315
+    Seq(
+      exclude[MissingClassProblem]("cats.compat.compat$package"),
+      exclude[MissingClassProblem]("cats.compat.compat$package$")
     )
 }