Yankee Colin 4

4 · TRACTOR SUPPLY CO /DE/ · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Tractor Supply (TSCO) EVP Colin Yankee Exercises Options & Sells Shares

What Happened

Colin Yankee, EVP & Chief Supply Chain Officer of Tractor Supply (TSCO), exercised stock options and immediately sold the resulting shares. On Feb 13, 2026 he exercised a total of 11,170 option shares (two exercises: 5,475 @ $46.55 and 5,695 @ $46.59) with a combined exercise cost of $520,191. The same day he sold 11,170 shares in the open market for aggregate proceeds of $618,263. Separately, on Feb 12, 2026, 587.89 shares were withheld to satisfy tax withholding tied to vested restricted stock units (value $31,783).
This pattern (exercise then immediate sale) is consistent with a cashless exercise: options were exercised and the acquired shares were sold the same day. Overall beneficial ownership decreased by the ~588 withheld shares.

Key Details

Transaction dates: Feb 12–13, 2026. Filing date: Feb 17, 2026.
Option exercises (code M): 5,475 shares @ $46.55 ($254,861) and 5,695 shares @ $46.59 ($265,330) — total exercise cost reported $520,191.
Open-market sales (code S): 4,694 shares @ $55.37 ($259,907); 781 shares @ $55.38 ($43,252); 5,695 shares @ $55.33 ($315,104) — total proceeds $618,263.
Tax withholding (code F): 587.89 shares withheld @ $54.06 = $31,783 to cover tax liabilities from RSU vesting.
Net change: sold all 11,170 shares acquired by exercise and had ~588 shares withheld for taxes, resulting in a net decrease of ~588 shares.
Footnotes: F1 confirms shares withheld for tax on RSU lapse; F2/F3 note the awards/options were granted under the Tractor Supply 2018 Omnibus Incentive Plan with multi-year vesting schedules.
Shares owned after transactions: not specified in the provided filing excerpt.

Context

For retail investors: exercises followed by immediate sales are typically liquidity transactions (cashless exercises) rather than a clear buy signal. Purchases are generally more informative about insider sentiment than routine option exercises and tax-withholdings.
Transaction codes: M = option exercise/derivative conversion, S = sale (open market), F = shares withheld to satisfy tax withholding.

Form 4

Period: 2026-02-12

EVP Chief Supply Chain Officer

Transactions

Tax Payment
Common stock
[F1]
2026-02-12$54.06/sh−587.89$31,783→ 45,514.995 total
Exercise/Conversion
Common stock
2026-02-13$46.55/sh+5,475$254,861→ 50,989.995 total
Sale
Common stock
2026-02-13$55.37/sh−4,694$259,907→ 46,295.995 total
Sale
Common stock
2026-02-13$55.38/sh−781$43,252→ 45,514.995 total
Exercise/Conversion
Common stock
2026-02-13$46.59/sh+5,695$265,330→ 51,209.995 total
Sale
Common stock
2026-02-13$55.33/sh−5,695$315,104→ 45,514.995 total
Exercise/Conversion
Employee stock option
[F2]
2026-02-13−5,475→ 0 total
Exercise: $46.55Exp: 2033-02-08→ Common stock (5,475 underlying)
Exercise/Conversion
Employee stock option
[F3]
2026-02-13−5,695→ 5,700 total
Exercise: $46.59Exp: 2034-02-05→ Common stock (5,695 underlying)

Footnotes (3)

[F1]This transaction represents the number of shares withheld to satisfy tax withholding liabilities incident to the lapse of vesting restrictions on the restricted stock units.
[F2]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 8, 2024, 33 1/3% on February 8, 2025, and 33 1/3% on February 8, 2026.
[F3]Granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan. The shares subject to this option will vest and become exercisable as follows: 33 1/3% on February 5, 2025, 33 1/3% on February 5, 2026, and 33 1/3% on February 5, 2027.

Signature

Colin Yankee by: /s/ Philip L. Codington, as Attorney-in-fact|2026-02-17

1 file