TJX (NYSE: TJX) SEVP uses 7,695 shares for taxes, retains 162,322
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TJX Companies senior executive Peter Benjamin reported a routine tax-related share disposition. On a Form 4, he disclosed that 7,695 shares of common stock were withheld by the company to cover tax obligations tied to a restricted stock unit award. This was not an open-market sale. After the withholding, he still holds 162,322 shares of TJX common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benjamin Peter
Role
SEVP, Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,695 | $161.60 | $1.24M |
Holdings After Transaction:
Common Stock — 162,322 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 7,695 shares
Withholding reference price: $161.60 per share
Shares held after transaction: 162,322 shares
3 metrics
Shares withheld for taxes
7,695 shares
Common Stock, code F tax-withholding disposition
Withholding reference price
$161.60 per share
Price used for 7,695 withheld shares
Shares held after transaction
162,322 shares
Direct TJX common stock ownership post-transaction
Key Terms
restricted stock unit, tax withholding obligations, Stock Incentive Plan, Form 4
4 terms
restricted stock unit financial
"in connection with a restricted stock unit award under the Company's Stock Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations in connection with a restricted stock unit award"
Stock Incentive Plan financial
"restricted stock unit award under the Company's Stock Incentive Plan"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did TJX (TJX) executive Peter Benjamin report?
Peter Benjamin reported a tax-related share disposition, where 7,695 TJX common shares were withheld by the company to cover tax obligations. The shares were tied to a restricted stock unit award under TJX’s Stock Incentive Plan, not an open‑market sale.
What does the tax-withholding code F mean in the TJX (TJX) Form 4?
Code F on the Form 4 indicates shares were disposed of to pay an exercise price or tax liability. In this TJX filing, it reflects 7,695 shares withheld by the company to satisfy tax obligations from a restricted stock unit award, not a market trade.