Mills Robert D 4
4 · TRACTOR SUPPLY CO /DE/ · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Tractor Supply (TSCO) EVP Robert D. Mills Exercises Options, Sells Shares
What Happened
Robert D. Mills, EVP & Chief Technology Officer of Tractor Supply Company (TSCO), exercised stock options and sold common shares. On Feb 11, 2026 he exercised options to acquire 35,410 shares (exercise price $28.64; cash cost $1,014,142) and 27,540 shares (exercise price $44.39; cash cost $1,222,501). Those exercised shares (and/or other held shares) were sold in the open market on Feb 11, 2026: 62,950 shares disposed at a weighted average price of $54.12 for total proceeds of about $3,406,854. On Feb 10, 2026 he also received awards: 7,235 RSUs and a grant of option/derivative shares (32,389) per the company plan.
Key Details
- Transaction dates: Grants dated Feb 10, 2026; option exercises and open-market sales on Feb 11, 2026. Filing date: Feb 12, 2026 (timely).
- Sales: 62,950 shares sold at a weighted average $54.12 (trades ranged $54.05–$54.18) — proceeds ≈ $3,406,854.
- Option exercises: 35,410 shares exercised at $28.64 (cost ≈ $1,014,142) and 27,540 shares exercised at $44.39 (cost ≈ $1,222,501).
- Awards: 7,235 RSUs granted (each converts to one share) and a separate grant of option shares (32,389) — both subject to multi-year vesting schedules (see footnotes).
- Shares owned after transaction: not disclosed in the supplied filing excerpt.
- Footnotes: RSUs and options granted under the Tractor Supply 2018 Omnibus Incentive Plan with standard multi-year vesting (see filing for schedules). Sales were reported as multiple transactions (weighted average price noted).
- Timeliness: Filing appears timely (reporting period Feb 10–11; filed Feb 12).
Context
This filing shows option exercises followed by an open-market sale of shares — effectively a common cash-raising or liquidity transaction often used to cover exercise costs and taxes. The RSU and option grants carry future vesting schedules, so portions of awards remain subject to vesting. The filing is factual and does not indicate the insider’s motivation.
Insider Transaction Report
- Exercise/Conversion
Common stock
2026-02-11$28.64/sh+35,410$1,014,142→ 158,244.36 total - Award
Common stock
[F1]2026-02-10+7,235→ 122,834.36 total - Exercise/Conversion
Common stock
2026-02-11$44.39/sh+27,540$1,222,501→ 185,784.36 total - Sale
Common stock
[F2]2026-02-11$54.12/sh−62,950$3,406,854→ 122,834.36 total - Award
Employee stock option
[F3]2026-02-10+32,389→ 32,389 totalExercise: $53.78Exp: 2036-02-10→ Common stock (32,389 underlying) - Exercise/Conversion
Employee stock option
[F4]2026-02-11−35,410→ 0 totalExercise: $28.64Exp: 2031-02-03→ Common stock (35,410 underlying) - Exercise/Conversion
Employee stock option
[F5]2026-02-11−27,540→ 0 totalExercise: $44.39Exp: 2032-02-09→ Common stock (27,540 underlying)
- 2,913.281(indirect: Stock Purchase Plan)
Common stock
Footnotes (5)
- [F1]Shares were acquired pursuant to a grant of restricted stock units (RSUs) under the Tractor Supply Company 2018 Omnibus Incentive Plan. Each RSU entitles the reporting person to receive one share of common stock. The RSUs vest as follows: 33 1/3% on February 10, 2027, 33 1/3% on February 10, 2028 and 33 1/3% on February 10, 2029.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.05 to $54.18, inclusive.
- [F3]Granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan. The shares subject to this option will vest, subject to conditions, and become exercisable as follows: 33 1/3% on February 10, 2027, 33 1/3% on February 10, 2028, and 33 1/3% on February 10, 2029.
- [F4]Granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan. The shares subject to this option vested and became exercisable as follows: 33 1/3% on February 3, 2022, 33 1/3% on February 3, 2023, and 33 1/3% on February 3, 2024.
- [F5]Granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan. The shares subject to this option vested and became exercisable as follows: 33 1/3% on February 9, 2023, 33 1/3% on February 9, 2024, and 33 1/3% on February 9, 2025.