TJX (NYSE: TJX) CEO granted stock units; shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TJX CEO and President Ernie Herrman reported compensation-related stock transactions. He acquired 171,632 shares of common stock through settlement of a performance share unit award under the company’s Stock Incentive Plan, with 82,985 shares withheld at $155.79 per share to cover tax obligations. He also received a separate restricted stock unit award covering 40,440 shares with service-based vesting, which will be issued after vesting. Following these transactions, his reported direct common stock holdings in separate entries ranged between 567,963 and 650,948 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Herrman Ernie
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 171,632 | $0.00 | -- |
| Tax Withholding | Common Stock | 82,985 | $155.79 | $12.93M |
| Grant/Award | Common Stock | 40,440 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 650,948 shares (Direct)
Footnotes (1)
- Shares acquired pursuant to the settlement of a performance share unit award granted under the Company's Stock Incentive Plan. Shares withheld by the Company to satisfy tax withholding obligations on shares acquired on March 30, 2026 in settlement of performance share unit award, as reflected in Footnote 1. Restricted stock unit award under the Company's Stock Incentive Plan with service-based vesting criteria. Shares are issued and delivered following vesting of the award. Shares may be withheld to satisfy tax withholding obligations.
Key Figures
Performance share unit settlement: 171,632 shares
Shares withheld for tax: 82,985 shares at $155.79
Restricted stock unit award: 40,440 shares
+3 more
6 metrics
Performance share unit settlement
171,632 shares
Common stock acquired via performance share unit settlement on March 30, 2026
Shares withheld for tax
82,985 shares at $155.79
Common stock withheld to satisfy tax obligations on March 30, 2026
Restricted stock unit award
40,440 shares
RSU award under Stock Incentive Plan with service-based vesting
Holdings after PSU settlement
650,948 shares
Total direct common stock holdings shown after one transaction
Holdings after tax withholding
567,963 shares
Total direct common stock holdings shown after tax-withholding transaction
Holdings after RSU award entry
608,403 shares
Total direct common stock holdings shown after RSU-related line item
Key Terms
performance share unit award, tax withholding obligations, restricted stock unit award, Stock Incentive Plan
4 terms
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations on shares acquired on March 30, 2026 in settlement of performance share unit award, as reflected in Footnote 1."
restricted stock unit award financial
"Restricted stock unit award under the Company's Stock Incentive Plan with service-based vesting criteria."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Stock Incentive Plan financial
"Restricted stock unit award under the Company's Stock Incentive Plan with service-based vesting criteria."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
FAQ
What stock awards did TJX (TJX) CEO Ernie Herrman report in this Form 4?
Ernie Herrman reported acquiring 171,632 TJX common shares from settlement of a performance share unit award and a separate restricted stock unit grant for 40,440 shares. Both awards were granted under TJX’s Stock Incentive Plan as part of his equity compensation.
Are Ernie Herrman’s TJX (TJX) Form 4 transactions open-market buys or compensation awards?
The reported TJX transactions are compensation-related awards, not open-market purchases or sales. They involve settlement of performance share units and a new restricted stock unit grant, plus shares withheld by TJX to cover associated tax obligations, all under the company’s Stock Incentive Plan.
What does the restricted stock unit award mean for TJX (TJX) CEO Ernie Herrman?
Herrman received a restricted stock unit award for 40,440 TJX shares with service-based vesting. The units convert into shares that are issued and delivered only after vesting, and TJX may withhold some shares at that time to satisfy future tax withholding obligations.