Company: TJX
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0000109198-25-000024
Chunk: 64

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 64
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 date fair value of PSU and RSU awards, determined in accordance with ASC Topic 718. PSUs and RSUs are valued based on the closing price of our common stock on the NYSE on the grant date, $99.47. The grant date fair value of PSUs is reported based on the probable outcome of the performance conditions (target) on the grant date, and the grant date fair value of RSUs is based on the number of RSUs subject to the award. The underlying valuation assumptions for equity awards are further discussed in Note H to our consolidated financial statements filed with our Annual Report on Form 10-K for FY25. See footnote 2 to the Summary Compensation Table above.

(3) Reflects award opportunities under the FY25 MIP. Target MIP amount is based on actual salary earned during FY25. Actual amounts earned under the FY25 MIP awards are discussed in the CD&A and footnote 3 to the Summary Compensation Table.

(4) Reflects award opportunities under the FY25-27 LRPIP cycle, as discussed in the CD&A under New Long-Term Incentive Cycle (FY25-27).

(5) Reflects FY25-27 PSUs granted under the SIP, as discussed in the CD&A under New Long-Term Incentive Cycle (FY25-27).

(6) Reflects FY25 RSUs granted under the SIP, as discussed in the CD&A under New Long-Term Incentive Cycle (FY25-27).

In FY25, we granted all equity incentives, including PSUs and RSUs, under the SIP. The PSUs have both service-based and performance-based vesting conditions. For PSUs granted to our NEOs in FY25, the service-based conditions are satisfied by continuous employment through one or more specified dates or in the event of certain terminations of employment (as described below) and the performance-based conditions are tied to achievement of Incentive EPS growth and Incentive ROIC targets for the FY25-27 cycle, as described in the CD&A. The entire unvested award is forfeited if achievement is below the threshold performance vesting level. The RSUs granted in FY25 have service-based vesting conditions that are satisfied by continuous employment through April 10, 2027 or in the event of certain earlier terminations of employment (as described below). When shares of stock are vested and delivered under an RSU or PSU award, the participant is entitled to any dividend equivalents credited since the grant date of