Form 4: TJX Companies CEO Ernie Herrman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Ernie Herrman of TJX Companies reports disposing of shares to cover tax obligations related to a restricted stock unit award.
Summary
- On April 10, 2025, Ernie Herrman, CEO and President of TJX Companies, disposed of 31,962 shares of common stock to satisfy tax withholding obligations.
- The transaction was related to a restricted stock unit award under the company's Stock Incentive Plan.
- The shares were disposed of at a price of $127.47 per share.
- Following the transaction, Herrman beneficially owns 565,143 shares of TJX Companies common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| April 1, 2019 | Power of Attorney dated for Erica Farrell. |
| 04/10/2025 | Date of stock disposal transaction. |
| 04/14/2025 | Date of signature for the report. |
Keywords
TJX Companies, Ernie Herrman, Form 4, Stock Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership
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