TJX Announces Planned Retirement of Senior EVP & Group President Kenneth Canestrari

Executive Transition Summary

On October 15, 2026, The TJX Companies, Inc. entered into a letter agreement with Kenneth Canestrari, Senior Executive Vice President, Group President, establishing the terms and timeline for his planned retirement.

Key Terms of the Retirement Agreement:

• Employment Term Extension: Mr. Canestrari's employment agreement has been extended through April 30, 2027.
• Officer Role Step-Down: Effective January 31, 2027, Mr. Canestrari will cease serving as an executive officer of the company.
• Transition Period: From January 31, 2027, until his official retirement date of April 30, 2027, he will continue as Senior Executive Vice President to facilitate an orderly transition of his duties and responsibilities.
• Compensation Adjustments:
  • Remains eligible for base compensation and benefits under his existing employment agreement.
  • Ceases participation in the Management Incentive Plan (MIP) and Long Range Performance Incentive Plan (LRPIP) for performance cycles starting in fiscal year 2028 and beyond.
  • Will not receive new equity grants under the Stock Incentive Plan (SIP).
  • Entitled to post-retirement benefits under applicable plan terms, including special service recognition provisions for existing LRPIP opportunities and outstanding SIP awards.
• Post-Employment Covenants: Non-competition, non-solicitation, and confidentiality covenants remain in effect.

Market & Trading Implications

This disclosure represents an orderly, pre-announced executive succession process with an extended runway through spring 2027, suggesting minimal operational disruption and low direct trading significance.