Form 4: TJX Companies CEO Ernie Herrman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Ernie Herrman reports acquisition and disposal of TJX Companies stock related to performance share unit settlement, tax obligations, and restricted stock unit awards.
Summary
- TJX Companies CEO Ernie Herrman reported changes in his beneficial ownership of the company's stock on March 31, 2025.
- He acquired 164,450 shares through the settlement of a performance share unit award.
- 79,512 shares were withheld by the company to cover tax obligations related to the performance share unit settlement at a price of $121.8 per share.
- Herrman also acquired 45,978 shares through a restricted stock unit award with service-based vesting criteria.
- Following these transactions, Herrman directly owns 597,105 shares of TJX Companies stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The transactions reflect changes in the CEO's stake in the company, which may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| April 1, 2019 | Date of Power of Attorney granted to Erica Farrell. |
| March 31, 2025 | Date of the reported transactions (acquisition and disposal of shares). |
| April 2, 2025 | Date of signature for the report. |
Keywords
TJX Companies, Ernie Herrman, beneficial ownership, Form 4, performance share unit, restricted stock unit, stock incentive plan, tax withholding
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