TJX (NYSE: TJX) director receives new deferred stock awards
Rhea-AI Filing Summary
Alvarez Jose B reported acquisition or exercise transactions in this Form 4 filing.
TJX Companies director Jose B. Alvarez reported four compensation-related awards of deferred stock units on June 9, 2026. All transactions are coded as grants or awards, not open-market purchases or sales.
The awards were made under TJX’s Stock Incentive Plan. Two grants have a grant date fair value of $105,000 each, one constituting an annual award of deferred shares and the other an additional award that vests before the next annual shareholder meeting if he remains a director or in certain Change of Control situations. The other two grants represent dividend-equivalent deferred shares tied to previously granted annual and additional awards, reflecting dividends with record dates since June 10, 2025. Shares underlying these deferred units will be delivered in TJX common stock after vesting and/or following Alvarez’s departure from the Board, in line with the plan terms and any advance deferral elections.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Alvarez Jose B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 636.87 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 75.09 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 636.87 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 75.09 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 7,691.09 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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
Deferred stock unit grant: 75.0900 units
Dividend-equivalent deferred units: 636.8700 units
Post-award holdings (line item): 7,766.1800 units
+3 more
6 metrics
Deferred stock unit grant
75.0900 units
Annual deferred share award on June 9, 2026
Dividend-equivalent deferred units
636.8700 units
Dividend-based award on June 9, 2026
Post-award holdings (line item)
7,766.1800 units
Deferred stock units following one award entry
Post-award holdings (line item)
7,691.0900 units
Deferred stock units following another award entry
Grant date fair value
$105,000
Annual deferred share award under Stock Incentive Plan
Additional award fair value
$105,000
Additional deferred share award vesting before next annual meeting
Key Terms
Deferred Stock Units, Stock Incentive Plan, grant date fair value, aggregate dividends, +1 more
5 terms
Deferred Stock Units financial
"security_title: Deferred Stock Units; underlying security is Common Stock"
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
"Constitutes an annual award of deferred shares under 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
"having a grant date fair value of $105,000"
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.
aggregate dividends financial
"having a grant date fair value equal to the aggregate dividends on any previously granted annual award"
Change of Control financial
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TJX (TJX) director Jose B. Alvarez report?
Jose B. Alvarez reported four awards of deferred stock units, all classified as grants rather than open-market trades. The awards are part of TJX’s Stock Incentive Plan and represent routine director equity compensation rather than a discretionary stock purchase or sale.
Were there any TJX (TJX) stock purchases or sales in this Form 4?
No open-market purchases or sales were reported. All entries are coded as award-type acquisitions of deferred stock units at a price of $0.00 per unit, reflecting non-cash director compensation granted under TJX’s Stock Incentive Plan rather than trading activity in the market.
What is the value of the new deferred stock unit awards for TJX director Alvarez?
Two of the awards each have a grant date fair value of $105,000. The other two represent additional deferred shares equal to aggregate dividends on earlier awards since June 10, 2025, aligning director pay with shareholder dividends under the company’s Stock Incentive Plan framework.
What are dividend-equivalent deferred stock awards mentioned in TJX’s Form 4?
Dividend-equivalent deferred stock awards give Alvarez additional deferred shares equal to dividends on prior deferred awards since June 10, 2025. Instead of receiving cash dividends, he accrues extra deferred shares, which will be delivered in stock alongside the underlying annual or additional deferred awards.