Ernie Herrman, CEO of TJX Companies (TJX), earned $12.0M in total compensation in 2026. TJX Companies receives a Pay-for-Performance grade of C (59/100), with a CEO-to-worker pay ratio of 375:1 and a say-on-pay shareholder approval of 86.0%. The company's 3-year total shareholder return is +10.9%.
How TJX Companies CEO Pay Compares
Ernie Herrman's $12.0M total compensation is 0% below the Retail industry median of $12.0M. The 375:1 CEO-to-worker pay ratio is 9% higher than the industry average of 344:1.
Ernie Herrman, CEO of TJX Companies (TJX), received $12.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-worker pay ratio at TJX Companies is 375x — Ernie Herrman's pay is over 300 times the median worker pay of $32,000. Ratios at this magnitude reflect either very high CEO compensation, a low-wage workforce mix, or both. Performance has been muted across the three-year window: 10.9% TSR, 6.0% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Shareholders supported the compensation package at 86% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. TJX Companies operates in Retail with 349,000 employees and $54.2B in annual revenue, and currently carries a market capitalization of $130.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for TJX Companies (TJX).
Compensation Breakdown
Ernie Herrman's $12.0M total compensation package for fiscal year 2026 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2026 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2025 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2024 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Ernie Herrman, CEO of TJX Companies (TJX), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Ernie Herrman, CEO of TJX Companies (TJX), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
TJX Companies has a Pay-for-Performance Score of C (59/100). The company's 3-year total shareholder return is +10.9%, and the say-on-pay shareholder vote passed with 86.0% approval.
The CEO-to-median-worker pay ratio at TJX Companies is 375:1. The median worker at TJX Companies earns $32K per year, while CEO Ernie Herrman earns $12.0M in total compensation.
TJX Companies employs approximately 349,000 people. The company operates in the Retail industry within the Consumer Discretionary sector, generating $54.2B in annual revenue.