Form 4: TJX CEO Herrman Reports Equity Award Settlements
Insider Transaction Report
TJX Companies CEO Ernie Herrman reported the acquisition of shares from performance awards and restricted stock units, alongside a disposition for tax obligations.
Summary
- Ernie Herrman, CEO and President of TJX Companies Inc., reported changes in his beneficial ownership of common stock.
- On March 30, 2026, 171,632 shares of common stock were acquired at $0 per share, resulting from the settlement of a performance share unit award.
- Concurrently, 82,985 shares of common stock were disposed of at a price of $155.79 per share to cover tax withholding obligations related to the performance share unit settlement.
- An additional 40,440 shares of common stock were acquired at $0 per share as a restricted stock unit award with service-based vesting criteria.
- Following these transactions, Ernie Herrman beneficially owns 608,403 shares of TJX common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, reflecting routine executive compensation activities and associated tax obligations rather than discretionary trading that would signal strong insider sentiment.
Positives
- Ernie Herrman acquired a total of 212,072 shares (171,632 from performance share units and 40,440 from restricted stock units) at no direct cost, indicating successful achievement of performance targets and ongoing compensation.
- The acquisition of shares through performance and restricted stock units aligns management's interests with long-term shareholder value.
Negatives
- 82,985 shares were disposed of to satisfy tax withholding obligations, reducing the direct beneficial ownership by that amount.
Future Outlook
This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive compensation and ownership changes, which can be a signal for investor sentiment, though these specific transactions relate to pre-determined equity awards rather than discretionary open market trades.
Related Party Transactions
- Acquisition of 171,632 common shares by CEO Ernie Herrman from TJX Companies Inc. as settlement of a performance share unit award.
- Disposition of 82,985 common shares by CEO Ernie Herrman to TJX Companies Inc. for tax withholding obligations related to the performance share unit settlement.
- Acquisition of 40,440 common shares by CEO Ernie Herrman from TJX Companies Inc. as a restricted stock unit award.
Stakeholder Impact
- Shareholders gain transparency into executive compensation and ownership changes, which can inform their assessment of management's alignment with shareholder interests.
Next Steps
- Shares from the restricted stock unit award will be issued and delivered following the satisfaction of service-based vesting criteria.
Key Dates
| Date | Description |
|---|---|
| 03/30/2026 | Date of reported transactions for share acquisitions and dispositions. |
| 04/01/2026 | Date the Form 4 was signed by Erica Farrell, by Power of Attorney. |
| 06/11/2025 | Date of the Power of Attorney granted to Erica Farrell. |
Keywords
TJX, Ernie Herrman, Insider Transaction, Form 4, Equity Award, Performance Share Unit, Restricted Stock Unit, CEO Compensation, Stock Ownership
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