TJX Companies: senior executive to retire Apr 30, 2027

What happened

• The filing reports that on Oct 15, 2026, The TJX Companies, Inc. entered into a letter agreement with Kenneth Canestrari, Senior Executive Vice President, Group President, in connection with his planned retirement.
• The agreement amends Mr. Canestrari’s employment agreement dated Feb 2, 2018 (as most recently amended Feb 2, 2024) and extends the term of his employment agreement until Apr 30, 2027. Effective Jan 31, 2027, he will no longer serve as an executive officer and his employment will continue as a Senior Executive Vice President until his scheduled retirement on Apr 30, 2027.

Key details

• Employment agreement extended to Apr 30, 2027; change in executive officer status effective Jan 31, 2027.
• Mr. Canestrari will continue to perform duties, including transition responsibilities, and remain eligible for compensation and benefits under his employment agreement during the extension.
• He will not participate in the company’s Management Incentive Plan or Long Range Performance Incentive Plan for performance periods beginning in fiscal year 2028 or later and will not receive new equity grants under the Stock Incentive Plan.
• After retirement, he will be eligible for benefits under company plans, including special service recognition for existing LRPIP opportunities and outstanding SIP awards, and will remain subject to continuing non-competition, non-solicitation and confidentiality obligations.

Why it may matter

• This disclosure was reported under Item 5.02 (Departure of directors or certain officers), which covers officer changes and related agreement amendments, and it describes the timing and terms of Mr. Canestrari’s transition and retirement. A filing does not show why the insider traded or why the company acted.