Alvarez Jose B 4

What Happened

• Jose B. Alvarez, a Director of TJX Companies (TJX), was granted deferred share awards on 2026-06-09. The filing shows four derivative awards (code A): two grants of 636.87 deferred shares and two grants of 75.09 deferred shares, all at $0.00 per share.
• The two 636.87-share grants represent an annual award and an additional award (each with a grant-date fair value of $105,000). The two 75.09-share grants are dividend-equivalent awards tied to those grants. Total deferred shares granted = 1,423.92 (≈1,424). Dividend-equivalent awards’ dollar value is not specified in the filing.

Key Details

• Transaction date(s) and price(s): 2026-06-09; all grants reported at $0.00 (derivative awards, code A).
• Grant-date fair value: Two awards noted at $105,000 each (footnotes F1 and F3); dividend-equivalent awards’ values equal aggregate dividends since 6/10/2025 (F2, F4) and are not separately dollar-quoted.
• Shares owned after transaction: Not reported in this Form 4.
• Delivery/vesting terms: Annual award shares delivered following Director’s departure (F1) or vest on the day before next annual meeting if still a director (F3); dividend-equivalent shares delivered when the underlying awards are delivered (F2, F4).
• Timeliness: Filing date 2026-06-11 for transactions dated 2026-06-09 (filed within the typical two-business-day window).

Context

• These are deferred share awards (A = Award/Grant), not open-market purchases or option exercises. Deferred shares are paid out later per plan rules and may be contingent on continued service or departure elections, so they do not represent an immediate cash purchase or sale.
• For retail investors, awards to directors are common compensation practice and do not necessarily indicate short-term trading sentiment.