Ordus John P 4
Research Summary
AI-generated summary
Tractor Supply (TSCO) EVP John Ordus Receives RSU and Option Awards
What Happened
- John P. Ordus, EVP & Chief Stores Officer of Tractor Supply Company (TSCO), received equity awards on February 10, 2026: 6,270 restricted stock units (RSUs) and 28,070 derivative awards (option-based). Both awards were reported with an acquisition price of $0.00 as grants.
- The 6,270 RSUs each convert to one share of common stock upon vesting. The 28,070 derivative awards are option-style grants that will vest into the right to receive or purchase shares subject to the stated schedule. No shares were sold; these are grants, not open-market purchases.
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
- Reported acquisition price: $0.00 for both awards (standard for granted awards).
- Vesting schedule (both awards): 33 1/3% on Feb 10, 2027; 33 1/3% on Feb 10, 2028; 33 1/3% on Feb 10, 2029.
- RSU specifics: Each RSU equals one share upon vesting (footnote F1).
- Derivative/option specifics: Shares subject to the option will vest per the schedule above (footnote F2).
- Shares owned after transaction: Not specified in the provided filing.
- No 10b5-1 plan, tax-withholding, or late-filing flags noted in the filing.
Context
- These are standard time-based equity awards used for retention and alignment with shareholders. RSUs convert to actual shares only when they vest; derivative/option awards require vesting (and usually exercise) before becoming shares.
- Because these are grants (not purchases or sales), they do not indicate immediate insider buying or selling activity.