TJX Companies (TJX) executive gets share awards; stock withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TJX Companies senior executive Kenneth Canestrari reported equity compensation activity on March 30, 2026. He received 45,664 shares of common stock upon settlement of a performance share unit award under the company’s Stock Incentive Plan and a separate 8,217-share restricted stock unit award with service-based vesting.
The company withheld 22,079 shares at $155.79 per share to cover related tax withholding obligations. Following these compensation and tax-withholding entries, Canestrari directly holds 146,148 shares of TJX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Canestrari Kenneth
Role
SEVP - Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,664 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,079 | $155.79 | $3.44M |
| Grant/Award | Common Stock | 8,217 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 160,010 shares (Direct)
Footnotes (1)
- Shares acquired pursuant to the settlement of a performance share unit award granted under the Company's Stock Incentive Plan. Shares withheld by the Company to satisfy tax withholding obligations on shares acquired on March 30, 2026 in settlement of performance share unit award, as reflected in Footnote 1. Restricted stock unit award under the Company's Stock Incentive Plan with service-based vesting criteria. Shares are issued and delivered following vesting of the award. Shares may be withheld to satisfy tax withholding obligations.
Key Figures
Performance share unit settlement: 45,664 shares
Restricted stock unit award: 8,217 shares
Shares withheld for tax: 22,079 shares
+2 more
5 metrics
Performance share unit settlement
45,664 shares
Common stock acquired via performance share unit award settlement on March 30, 2026
Restricted stock unit award
8,217 shares
RSU award under Stock Incentive Plan with service-based vesting
Shares withheld for tax
22,079 shares
Withheld by TJX to satisfy tax obligations on March 30, 2026
Tax withholding price
$155.79 per share
Price applied to 22,079 shares withheld for taxes
Shares owned after transactions
146,148 shares
Direct TJX common stock holdings following March 30, 2026 entries
Key Terms
performance share unit award, Restricted stock unit award, Stock Incentive Plan, tax withholding obligations
4 terms
Restricted stock unit award financial
"Restricted stock unit award under the Company's Stock Incentive Plan with service-based vesting criteria."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Stock Incentive Plan financial
"award granted under the Company's Stock Incentive Plan."
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations on shares acquired on March 30, 2026"
FAQ
What type of equity awards did TJX (TJX) use for Kenneth Canestrari?
TJX used a performance share unit award, which settled into 45,664 common shares, and a restricted stock unit award covering 8,217 shares with service-based vesting, both under the company’s Stock Incentive Plan for Kenneth Canestrari.