New York City TJX Cos. chief executive and president Carol Meyrowitz received compensation valued at $6.85 million last year, up 15% compared with the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Monday.
Meyrowitz received a base salary of $1.5 million, up more than 7% from the $1.4 million salary she received the year prior, according to the Securities and Exchange Commission filing. She also received a performance-based cash bonus of $2.26 million and perks totaling a little over $43,000.
A bigger chunk of Meyrowitz's compensation came in the form of restricted stock and options valued at $3.05 million on the days they were granted. However, stock options valued at $1.07 million when they were granted in September 2008 are currently of little value since their exercise price of $35.03 is above the stock's Monday closing price of $27.