Jonathan S. Estep - May 17, 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
Stock symbol
TSCO
Transactions as of
May 17, 2023
Transactions value $
-$2,515,984
Form type
4
Date filed
5/18/2023, 05:53 PM
Previous filing
Feb 10, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TSCO Common stock Options Exercise $252 K +3.45 K +20.77% $73.18 20 K May 17, 2023 Direct F1
transaction TSCO Common stock Sale -$780 K -3.45 K -17.2% $226.20 16.6 K May 17, 2023 Direct F1
transaction TSCO Common stock Sale -$1.95 M -8.63 K -51.97% $226.20 7.97 K May 17, 2023 Direct F1
transaction TSCO Common stock Sale -$37.1 K -164 -72.39% $226.20 62.6 May 17, 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 -3.45 K -100% $0.00 0 May 17, 2023 Common stock 3.45 K $73.18 Direct F1, F2

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.