Did the TJX Companies CEO Get a Raise?
No — pay was essentially flat. Ernie Herrman's total compensation was essentially unchanged at $12.0M in 2026, from $12.0M in 2025, per TJX Companies's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the TJX Companies CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Ernie Herrman Pay: 2025 → 2026
- 2026 total comp
- $12,000,000
- 2025 total comp
- $12,000,000
- Change ($)
- +$0
- Change (%)
- +0%
Source: TJX Companies SEC DEF 14A proxy statements, 2025 and 2026 Summary Compensation Tables.
In its latest proxy statement, TJX Companies reported Ernie Herrman's 2026 total compensation at $12,000,000 — essentially flat versus $12,000,000 in 2025.
Across the disclosed history, Ernie Herrman's total pay has run: 2023, $12.0M; 2024, $12.0M; 2025, $12.0M; 2026, $12.0M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: TJX Companies posted a 10.9% three-year total shareholder return on 6.0% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of C (59/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $12,000,000 |
| Base Salary | $1,200,000 |
| Stock Awards | $6,000,000 |
| Option Awards | $1,440,000 |
| Non-Equity Incentive | $1,800,000 |
| CEO-to-Worker Pay Ratio | 375:1 |
| Pay-Performance Grade | C |
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Frequently Asked Questions
No — pay was essentially flat. Ernie Herrman's total compensation was essentially unchanged at $12.0M in 2026, from $12.0M in 2025, per TJX Companies's SEC DEF 14A filings.
Ernie Herrman, CEO of TJX Companies, earned $12.0M in total compensation in 2026, including $6.0M in stock awards and $1,200,000 in base salary.
In 2026, total compensation of $12,000,000 was composed of $1,200,000 base salary, $0 cash bonus, $6,000,000 stock awards, $1,440,000 option awards, and $1,800,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates TJX Companies as C (59/100), based on three-year total shareholder return of 10.9%, revenue growth of 6.0%, and shareholder say-on-pay vote approval.
Ernie Herrman is the chief executive officer of TJX Companies (TJX).
More about TJX Companies
No — pay was essentially flat. Ernie Herrman's total compensation was essentially unchanged at $12.0M in 2026, from $12.0M in 2025, per TJX Companies's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.