Tractor Supply (NASDAQ: TSCO) EVP resigns as board boosts equity awards
Rhea-AI Filing Summary
Tractor Supply Company reported that its Board approved additional equity incentives for two senior executives as their responsibilities expand. On August 6, 2026, J. Seth Estep, Executive Vice President – Chief Merchandising Officer, received stock options and restricted stock units each with a $25,000 grant date fair value and performance share units with a $50,000 grant date fair value. John P. Ordus, Executive Vice President – Chief Stores Officer, received stock options and restricted stock units each with a $50,000 grant date fair value and performance share units with a $100,000 grant date fair value.
The stock options and restricted stock units vest in three equal annual installments on the first three anniversaries of the grant date, contingent on continued employment. The performance share units vest on February 10, 2029, subject to continued employment and achievement of performance goals. Separately, Robert D. Mills, Executive Vice President – Chief Technology Officer, Digital and Pet Services, resigned effective August 7, 2026, and his technology- and pet-related responsibilities are being reassigned to Estep and Ordus.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Stock options grant to J. Seth Estep: $25,000
Stock options grant to John P. Ordus: $50,000
RSU grant to J. Seth Estep: $25,000
+3 more
6 metrics
Stock options grant to J. Seth Estep
$25,000
Grant date fair value of stock options approved August 6, 2026
Stock options grant to John P. Ordus
$50,000
Grant date fair value of stock options approved August 6, 2026
RSU grant to J. Seth Estep
$25,000
Grant date fair value of restricted stock units
RSU grant to John P. Ordus
$50,000
Grant date fair value of restricted stock units
PSU grant to J. Seth Estep
$50,000
Grant date fair value of performance share units
PSU grant to John P. Ordus
$100,000
Grant date fair value of performance share units
Key Terms
restricted stock units, performance share units, grant date fair value
3 terms
restricted stock units financial
"(ii) restricted stock units with a grant date fair value of $25,000..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant date fair value financial
"stock options with a grant date fair value of $25,000 and $50,000..."
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive leadership change did Tractor Supply (TSCO) disclose?
Tractor Supply disclosed that Robert D. Mills, Executive Vice President – Chief Technology Officer, Digital and Pet Services, resigned effective August 7, 2026 to pursue another opportunity. His responsibilities across Allivet, VIP Petcare, and Petsense by Tractor Supply are being reassigned internally.
What equity awards did TSCO grant to J. Seth Estep?
J. Seth Estep received stock options and restricted stock units each with a $25,000 grant date fair value, plus performance share units with a $50,000 grant date fair value. These awards were approved on August 6, 2026, in connection with expanded responsibilities.
What equity awards did TSCO grant to John P. Ordus?
John P. Ordus received stock options and restricted stock units each with a $50,000 grant date fair value, plus performance share units with a $100,000 grant date fair value. The grants recognize his expanded role as he assumes additional business unit responsibilities.
How do the new equity awards at Tractor Supply (TSCO) vest?
The stock options and restricted stock units vest in three equal annual installments on each of the first three anniversaries of the grant date. The performance share units vest on February 10, 2029, subject to continued employment and achievement of performance goals.
How are Robert D. Mills’ responsibilities being reassigned at TSCO?
After Robert D. Mills’ resignation, J. Seth Estep will oversee the Allivet and VIP Petcare business units, while John P. Ordus will assume responsibility for Petsense by Tractor Supply. These changes align with the expanded responsibilities tied to their new equity awards.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 7, 2026 (August 3, 2026 )
TRACTOR SUPPLY COMPANY
__________________________________________
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (615 ) 440-4000
| Not Applicable | ||
| (Former name or former address, if changed since last report.) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[☐ ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[☐ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[☐ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[☐ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [☐ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [☐]
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 6, 2026, the Board of Directors of Tractor Supply Company (the “Company”) approved the following equity grants to J. Seth Estep, the Company’s Executive Vice President - Chief Merchandising Officer and John P. Ordus, the Company’s Executive Vice President - Chief Stores Officer, in connection with the expansion of their responsibilities, as further described below: (i) stock options with a grant date fair value of $25,000 and $50,000, respectively; (ii) restricted stock units with a grant date fair value of $25,000 and $50,000, respectively; and (iii) performance share units with a grant date fair value of $50,000 and $100,000, respectively. The stock options and restricted stock units will vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to Mr. Estep’s and Mr. Ordus’ continued employment through each applicable vesting date. The performance share units will vest on February 10, 2029, subject to Mr. Estep’s and Mr. Ordus’ continued employment through the vesting date and the achievement of the underlying performance goals.
On August 3, 2026, Robert D. Mills, the Company’s Executive Vice President - Chief Technology Officer, Digital and Pet Services informed the Company of his resignation, effective August 7, 2026, to pursue another opportunity. In connection with Mr. Mills’ departure, Mr. Estep will assume Mr. Mills’ responsibilities with respect to the Company’s Allivet and VIP Petcare business units, and Mr. Ordus will assume Mr. Mills’ responsibilities with respect to Petsense by Tractor Supply.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Tractor Supply Company | |||||||||||
| August 7, 2026 | By: | /s/ Kurt D. Barton | |||||||||
| Name: Kurt D. Barton | |||||||||||
| Title: Executive Vice President - Chief Financial Officer and Treasurer | |||||||||||