Jonathan S. Estep - 17 May 2023 Form 4 Insider Report for TRACTOR SUPPLY CO /DE/ (TSCO)

Role
EVP - CMO
Signature
Jonathan S. Estep: /s/ Robert C. Lambourne, as Attorney-in-fact
Issuer symbol
TSCO
Transactions as of
17 May 2023
Net transactions value
-$2,515,984
Form type
4
Filing time
18 May 2023, 17:53:55 UTC
Previous filing
10 Feb 2023
Next filing
15 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSCO Common stock Options Exercise $252,251 +3,447 +21% $73.18 20,046 17 May 2023 Direct F1
transaction TSCO Common stock Sale $779,711 -3,447 -17% $226.20 16,599 17 May 2023 Direct F1
transaction TSCO Common stock Sale $1,951,427 -8,627 -52% $226.20 7,972 17 May 2023 Direct F1
transaction TSCO Common stock Sale $37,097 -164 -72% $226.20 63 17 May 2023 Stock Purchase Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSCO Employee stock option Options Exercise $0 -3,447 -100% $0.000000* 0 17 May 2023 Common stock 3,447 $73.18 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a 10b5-1 plan established by Mr. Estep on February 15, 2023.
F2 Granted pursuant to the Tractor Supply Company 2009 Omnibus Incentive Plan. The shares subject to this option vested and became exercisable, subject to conditions, as follows: 33 1/3% on February 8, 2018, 33 1/3% on February 8, 2019, and 33 1/3% on February 8, 2020.