TJX (TJX) SEVP Canestrari has 6,920 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TJX Companies senior executive Kenneth Canestrari reported a routine tax-related share disposition. On a restricted stock unit vesting, 6,920 shares of common stock were withheld by the company to satisfy tax withholding obligations under its Stock Incentive Plan. This was not an open-market sale. After this transaction, Canestrari directly holds 139,228 shares of TJX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Canestrari Kenneth
Role
SEVP - Group President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,920 | $161.60 | $1.12M |
Holdings After Transaction:
Common Stock — 139,228 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 6,920 shares
Withholding share value: $161.60 per share
Shares held after transaction: 139,228 shares
3 metrics
Shares withheld for taxes
6,920 shares
Withheld to satisfy tax obligations on RSU award
Withholding share value
$161.60 per share
Price per share used for 6,920 withheld shares
Shares held after transaction
139,228 shares
Direct TJX common stock held after tax-withholding disposition
Key Terms
restricted stock unit, tax withholding obligations, Stock Incentive Plan, tax-withholding disposition
4 terms
restricted stock unit financial
"in connection with a restricted stock unit award under the Company's Stock Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"Shares withheld by the Company to satisfy tax withholding obligations in connection with a restricted stock unit award"
Stock Incentive Plan financial
"restricted stock unit award 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 disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did TJX (TJX) executive Kenneth Canestrari report in this Form 4?
Kenneth Canestrari reported a tax-related share disposition, where 6,920 TJX common shares were withheld by the company. The withholding covered tax obligations tied to a restricted stock unit award under the Stock Incentive Plan, rather than an open-market stock sale.
Was Kenneth Canestrari’s TJX (TJX) Form 4 transaction an open-market sale?
No, the Form 4 discloses a tax-withholding disposition, not an open-market sale. TJX withheld 6,920 shares to cover tax obligations on a restricted stock unit award granted under its Stock Incentive Plan, a common administrative step for equity compensation.