Company: TJX
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0000109198-25-000024
Chunk: 50

Company: TJX COMPANIES INC /DE/
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 50
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* Reflects the award made to Mr. Klinger in his role at the time FY23-25 LRPIP opportunities were approved in FY23, prior to his promotion to EVP, CFO at the start of FY24.

### OUR DECISION MAKING PROCESS

### THE ROLE OF THE COMPENSATION COMMITTEE
The Compensation Committee, a committee of our Board of Directors composed entirely of independent directors, oversees the compensation of our executive officers, including the NEOs. The Committee follows a thorough and deliberate approach in overseeing executive compensation and making compensation decisions throughout the year. The Committee’s annual executive compensation process includes pay-for-performance analysis, competitive analysis, market checks, consideration of executive performance evaluations, reviews of Company performance across a range of divisions and key functions, an annual compensation risk assessment, and input and advice from Pearl Meyer LLC (Pearl Meyer), the independent compensation consultant that has been engaged by and reports directly to the Committee.

In order to determine the overall level of executive compensation, establish the design and mix of specific compensation elements and maintain our program’s overall focus on our core compensation objectives, the Committee considers a number of quantitative and qualitative factors, including:

• individual executive performance, responsibilities, and tenure

• market data and peer practices

• retention, leadership stability and continuity, succession planning, and organizational changes

• our broad-based talent and rewards practices and strategies

• our Company and divisional performance

• our business culture and core values

• shareholder feedback, including our say-on-pay vote

• employment terms and contractual negotiations

• the balance of risks and rewards

The Committee approaches executive compensation in the context of our business, industry, and broader organization, including our broad-based pay and benefits strategies and initiatives and the overall strategic framework for total rewards at TJX. This framework applies to all TJX Associates and reflects our global total rewards principles, which include sharing in the success of the Company, encouraging teamwork and collaboration across our global workforce, and being fair and equitable. The Committee supported a One TJX approach for FY25 annual incentives, with all eligible Associates, including store management, measured against global TJX performance goals (rather than divisional or store-based performance goals), reflecting our longstanding team-oriented culture.

In addition to any special actions the Committee may take throughout the year, the Committee typically reviews and approves the elements of our NEOs’ compensation using the following general process:

| ASSESS                                                                               |     | SET                                               |     | REVIEW AND APPROVE                                                                             |
| •Market data, competitive analysis                                                   
 •