TJX Companies (NYSE: TJX) director adds 802 shares and new deferred stock units
Rhea-AI Filing Summary
TJX Companies director David T. Ching increased his equity-based holdings through deferred stock activity and an option-like conversion. On June 9, 2026, he exercised derivative rights to acquire 802 shares of Common Stock, bringing his direct Common Stock holdings to 11,125 shares.
He also received several Deferred Stock Unit awards under the company’s Stock Incentive Plan, including annual and additional deferred share awards and related dividend-equivalent grants. Footnotes state that some awards have a grant date fair value of $105,000 and will be delivered after he leaves the Board or upon vesting, providing long-term, stock-based compensation rather than immediate cash or open-market trading.
Positive
- None.
Negative
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Insights
Routine director equity awards and unit conversions with no open-market trading.
The transactions show David T. Ching, a director of TJX Companies, acquiring equity through plan-based mechanisms. He exercised derivative rights to receive 802 shares of Common Stock, lifting his direct holdings to 11,125 shares, and gained additional Deferred Stock Units.
The Form 4 lists multiple awards of Deferred Stock Units tied to the Stock Incentive Plan, including annual and additional awards plus dividend-equivalent units. Footnotes highlight grant date fair values of $105,000 for certain awards and specify delivery after Board service ends or upon vesting events.
Because there are no open-market purchases or sales, these actions primarily reflect standard director compensation and long-term alignment rather than a directional trading signal. Future company filings may further detail subsequent vesting or delivery of these deferred shares.
Insider Trade Summary
Net Buyer: 802 shares
Net Buy
6 txns
Insider
CHING DAVID T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 636.87 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 681.01 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 636.87 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units | 102.12 | $0.00 | $0.00 |
| Exercise | Deferred Stock Units | 802 | $0.00 | $0.00 |
| Exercise | Common Stock | 802 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 74,824.32 shares (Direct);
Common Stock — 11,125 shares (Direct)
Footnotes (5)
- F1. Receipt of shares from an additional deferred share award granted on June 10, 2025 (and corresponding disposition of such award) in accordance with the terms of the Stock Incentive Plan. Includes an amount equal to the aggregate dividends for which there has been a record date since June 10, 2025.
- F2. Constitutes an annual award of deferred shares under the Stock Incentive Plan having a grant date fair value of $105,000. Shares will be delivered following the Director's departure from the Board, under and subject to the terms of the Plan.
- F3. Constitutes an award of deferred shares under the Stock Incentive Plan having a grant date fair value equal to the aggregate dividends on any previously granted annual award of deferred shares under the Plan for which there has been a record date since June 10, 2025. Deferred shares will be delivered at the same time the shares subject to the annual award are delivered, under and subject to the terms of the Plan.
- F4. Constitutes an additional award of deferred shares under the Stock Incentive Plan having a grant date fair value of $105,000. Shares vest on the date immediately preceding the date of the Company's annual meeting of shareholders next succeeding the award grant date, provided that the recipient is still a Director on that date or, to the extent provided by the terms of the award document, in connection with an earlier Change of Control. Vested shares will be delivered following vesting or following the Director's departure from the Board, in accordance with the Director's advance irrevocable election, if any, under and subject to the terms of the Plan.
- F5. Constitutes an award of deferred shares under the Stock Incentive Plan having a value equal to the aggregate dividends on any previously granted additional award of deferred shares under the Plan, which have not yet been delivered to the Director, and for which there has been a record date since June 10, 2025. Deferred shares will be delivered at the same time the shares subject to the applicable additional award are delivered, under and subject to the terms of the Plan.
Key Figures
Common shares acquired: 802 shares
Common shares held after: 11,125 shares
Deferred Stock Units converted: 802 units
+5 more
8 metrics
Common shares acquired
802 shares
Derivative exercise on June 9, 2026
Common shares held after
11,125 shares
Post-transaction direct ownership
Deferred Stock Units converted
802 units
Converted into Common Stock on June 9, 2026
Deferred Stock Unit grant
102.12 units
Award under Stock Incentive Plan
Deferred Stock Unit grant
636.87 units
Award under Stock Incentive Plan
Deferred Stock Unit grant
681.01 units
Additional deferred share award
Annual deferred share award value
$105,000
Grant date fair value per annual award (footnote)
Additional deferred share award value
$105,000
Grant date fair value per additional award (footnote)
Key Terms
Deferred Stock Units, Stock Incentive Plan, grant date fair value, Change of Control, +2 more
6 terms
Deferred Stock Units financial
"The filing lists multiple transactions in Deferred Stock Units with derivative codes."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Stock Incentive Plan financial
"Footnotes describe awards granted in accordance with the terms of the 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.
grant date fair value financial
"Footnotes note a grant date fair value of $105,000 for certain deferred share awards."
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
Change of Control financial
"One footnote references vesting terms that may accelerate in connection with an earlier Change of Control."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
dividends on any previously granted annual award financial
"Footnotes describe awards with value equal to aggregate dividends on previously granted deferred share awards."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did TJX (TJX) director David T. Ching report in this Form 4?
Director David T. Ching reported acquiring equity-based interests, including 802 shares of TJX Common Stock from a derivative exercise and several Deferred Stock Unit awards granted under the company’s Stock Incentive Plan, all reflecting long-term stock-based compensation rather than open-market trading activity.
What are the key details of the Deferred Stock Unit awards reported by TJX (TJX)?
The filing shows several Deferred Stock Unit awards under the Stock Incentive Plan. Footnotes describe annual and additional deferred share awards with grant date fair values of $105,000 and separate dividend-equivalent awards, all scheduled for delivery after Board departure or vesting, under plan terms.
How are dividends reflected in David T. Ching’s TJX (TJX) Deferred Stock Units?
Footnotes explain that certain Deferred Stock Unit awards equal aggregate dividends on prior deferred share awards that had record dates since June 10, 2025. These dividend-equivalent units will be delivered at the same time as the related annual or additional deferred share awards.