Form 4: Director Charles F. Wagner Jr. Receives TJX Stock Awards
Statement of Changes in Beneficial Ownership
Director Charles F. Wagner Jr. was granted deferred stock units as part of the annual director compensation plan at TJX Companies.
Summary
- Director Charles F. Wagner Jr. received multiple grants of deferred stock units on June 9, 2026.
- The grants include an annual award and an additional award, each valued at $105,000, totaling $210,000 in equity compensation.
- Additional deferred stock units were granted to account for dividend equivalents on previously held awards.
- The total number of deferred stock units held by the director increased to 3,152.62 following these transactions.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation with no impact on operational strategy.
Positives
- The equity grants align the director's interests with long-term shareholder value.
- The compensation structure utilizes deferred stock units, ensuring retention and long-term commitment to the company.
Negatives
- None identified; this is a standard director compensation disclosure.
Risks
- The value of the deferred stock units is subject to the future market performance of TJX common stock.
Future Outlook
The deferred stock units will be delivered to the director upon departure from the Board or following vesting, subject to the terms of the Stock Incentive Plan.
Management Comments
- The grants are issued under the company's established Stock Incentive Plan.
Industry Context
StockSavvy.ai notes that this filing represents routine corporate governance and director compensation activity typical for large-cap retail companies, reflecting standard board retention practices.
Comparison to Industry Standards
- The use of deferred stock units for director compensation is consistent with governance practices at major retail peers like Target and Ross Stores.
- The grant values are within the typical range for non-executive director compensation in the S&P 500.
Stakeholder Impact
- Minimal impact on shareholders as these are standard equity-based compensation awards.
Next Steps
- Delivery of shares upon the director's departure from the Board or vesting date.
Key Dates
| Date | Description |
|---|---|
| 06/10/2025 | Start date for dividend equivalent calculation period. |
| 06/09/2026 | Date of the equity grant transactions. |
| 06/11/2026 | Date of filing. |
Keywords
TJX, Director Compensation, Form 4, Equity Incentive Plan, Insider Transaction, Deferred Stock Units
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