Mills Robert D 4

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.