Company: TJX
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0000109198-25-000024
Chunk: 39

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 39
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 to effective capital deployment and generating meaningful capital returns                                                  |     | •Secondary measure in our PSU program                                                                                         
 •Used as downward-only modifier                                                                                               |

#### 2025 Proxy Statement29

### Compensation Discussion and Analysis

### CEO TOTAL TARGET COMPENSATION
The chart below shows our total target compensation for our CEO for FY25, as compared to FY23 and FY24. Total target compensation for our CEO did not increase from FY23 to FY24. For FY25, after consultation with its independent compensation consultant, the Committee increased the target value of Mr. Herrman’s PSU award and otherwise did not change CEO target compensation compared to FY24. The Committee established CEO total target compensation for FY25 based on a variety of factors, including Mr. Herrman’s sustained performance and leadership since becoming CEO in 2016, a review of overall competitiveness, our continued focus on alignment with shareholders through the use of long-term equity incentives, and other factors described under Our Decision Making Process below.

Our CEO’s total target compensation continues to reflect a meaningful emphasis on variable pay and long-term equity incentives, and approximately 70% of our CEO’s total target long-term incentive (LTI) opportunities for FY25-27 are performance-based (PSUs and LRPIP). Refer to Long-Term Incentive Awards below for more information about our LTI mix. For our other NEOs, target compensation for FY25 is discussed below.

#### CEO Total Target Compensation

#### FY25 INCENTIVE PLAN PERFORMANCE
Our very strong performance in FY25 resulted in above-target payouts for FY25 annual incentives and contributed to above-target payouts for FY23-25 long-term incentives, as summarized below and discussed further on the following pages. No discretionary adjustments were made to the pre-established financial performance goals for these cycles.

| FY25 Annual incentive payout       |     | 152.0 | % | -MIP   |     | Based on achievement of above-target MIP Incentive Pre-Tax Income performance for FY25              |
| FY23-25 Long-termincentive payouts |     | 155.9 | % | -PSUs  |     | Based on achievement of above-target Incentive EPS growth and Incentive ROIC for FY23-25            |
|                                    |     | 104.7 | % | -LRPIP |     | Based on achievement of above-target LRPIP Incentive Pre-Tax Income performance results for FY23-25 |

#### 30The TJX Companies, Inc.

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