Form 4: TJX Companies Executive Kenneth Canestrari Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Kenneth Canestrari, SEVP Group President at TJX Companies, disposed of 8,506 shares of common stock on April 10, 2025, to satisfy tax withholding obligations related to a restricted stock unit award.
Summary
- On April 10, 2025, Kenneth Canestrari, a Senior Executive Vice President at TJX Companies, disposed of 8,506 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with a restricted stock unit award under the company's Stock Incentive Plan.
- The shares were sold at a price of $127.47 per share.
- Following the transaction, Canestrari directly owns 121,060 shares of TJX Companies common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing represents a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment regarding the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation and tax planning. These transactions are closely monitored by investors for insights into executive sentiment and company performance.
Key Dates
| Date | Description |
|---|---|
| May 2, 2019 | Date of Power of Attorney granted to Erica Farrell. |
| 04/10/2025 | Date of stock disposal transaction. |
| 04/14/2025 | Date of signature on the Form 4 filing. |
Keywords
TJX Companies, Kenneth Canestrari, Stock Disposal, Form 4, Tax Withholding, Restricted Stock Unit, Beneficial Ownership
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