Herrman did see a 10.3 percent increase in his base salary to $1.5 million from $1.4 million. Stock awards in 2016 totaled $9 million, compared with $14.1 million in 2015. Other components of total compensation include, but was not limited to, option awards and nonequity incentive plan compensation.
Carol Meyrowitz, executive chairman, saw her total compensation fall 25.9 percent to $14.5 million from $19.6 million. Her base salary fell 36.5 percent to $1 million in 2016 from nearly $1.6 million. Also declining by half were stock awards totaling $5 million in 2016 from $10 million in 2015.
The compensation packages were detailed in the company proxy filing on Thursday with the Securities and Exchange Commission. TJX Cos. Inc. is holding its annual shareholders’ meeting on June 6 at the Courtyard Marriott in Natick, Mass.