Company: TJX
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0000109198-25-000024
Chunk: 52

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 52
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 range of factors. In consultation with its independent compensation consultant, the Committee considers criteria beyond standard industry classifications in constructing and evaluating the peer group, including:

• business focus and industry similarity, targeting retail companies with comparable customer or merchandise strategies, and also considering consumer product companies that meet size and complexity criteria;

• revenues, market capitalization, and number of employees;

• business complexity, reflected by factors such as significant global operations, brand and/or product line diversity, and multiple segments; and

• financial performance metrics, including operating and market performance.

In recent years, the Committee’s peer group evaluation has taken into account TJX’s growth and expanding global operations, coupled with the continuing challenges facing other companies in the retail industry.

#### FY25 Peer Group
During FY24, the Committee considered the continued appropriateness of the peer group, which had not changed since FY21, for purposes of providing context for making compensation decisions for FY25. After consultation with its independent compensation consultant, the Committee determined that the following group of 17 large, publicly traded consumer-oriented companies would be appropriate to use for FY25 compensation decisions:

| Best Buy     |     | The Home Depot |     | Lowe’s    |     | Mondelez |     | Procter & Gamble |     | Target  |
| Coca-Cola    |     | Kimberly-Clark |     | Macy’s    |     | Nike     |     | Ross Stores      |     | Walmart |
| Estée Lauder |     | Kohl’s         |     | McDonalds |     | PepsiCo  |     | Starbucks        |     |         |

In establishing the peer group for FY25, the Committee removed two companies (Nordstrom and VF Corporation) from our FY24 peer group and added two companies (Mondelez and Walmart) to improve the comparability of the peer group based on the evaluation criteria discussed above.

As of the end of FY25, TJX's approximate positioning within the FY25 peer group was at the 71 st percentile for revenue, the 53 rd percentile for market capitalization, and the 82 nd percentile for number of employees.

#### 2025 Proxy Statement39

### Compensation Discussion and Analysis

### THE ROLE OF THE COMPENSATION CONSULTANT
The Committee engaged Pearl Meyer to serve as the independent compensation consultant to the Committee for FY25. Pearl Meyer attended all of the Committee’s meetings during the fiscal year and consulted with the Committee on an ongoing basis throughout the year. Pearl Meyer provided industry, peer, and market