[Form 4] Tractor Supply Co Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: On 07/25/2025 BlackLine (BL) director Gregory Hughes received an initial award of 2,976 restricted stock units (RSUs) granted under the Outside Director Compensation Policy. Each RSU equals one common share.

Vesting: 100 % of the RSUs vest the day prior to the next annual shareholder meeting, conditioned on Mr. Hughes’ continued board service. The grant was acquired at $0 cost; no shares were sold or disposed.

Post-transaction holdings: Hughes now beneficially owns 2,976 BL shares, all held directly. No derivative securities are reported.

Investor take-away: This is a routine director onboarding equity grant that slightly increases insider ownership and has immaterial dilution given BlackLine’s ~59 m shares outstanding. No performance metrics or other material events accompany the filing.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grant; modest size, neutral impact, signals standard director-shareholder alignment.

The 2,976-share RSU award is typical compensation for new BL board members. Because the grant is time-based and represents less than 0.01 % of outstanding shares, dilution risk is negligible. No purchases or sales were made, so the filing provides limited insight into insider sentiment beyond ordinary alignment incentives. Overall market impact should be neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Barton Kurt D

(Last) (First) (Middle)

C/O TRACTOR SUPPLY COMPANY

5401 VIRGINIA WAY

(Street)

BRENTWOOD TN 37027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRACTOR SUPPLY CO /DE/ [ TSCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	07/24/2025		M(1)		90,000	A	$13.46	137,715.285	D
Common stock	07/24/2025		S(1)		90,000	D	$63.96	47,715.285	D
Common stock								13,018.836	I	Stock Purchase Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option	$13.46	07/24/2025		M(1)			90,000	(2)	02/07/2028	Common stock	90,000	$0	78,195	D

Explanation of Responses:

1. The reported employee stock option exercise and sale were effected pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted on February 20, 2025.

2. Granted pursuant to the Tractor Supply Company 2009 Omnibus Incentive Plan. The shares subject to this option will vest, subject to conditions, and become exercisable as follows: 33 1/3% on February 7, 2019, 33 1/3% on February 7, 2020, and 33 1/3% on February 7, 2021.

Remarks:

	Kurt D. Barton by: /s/ Robert C. Lambourne, as Attorney-in-fact	07/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did BlackLine (BL) disclose in the latest Form 4?

Director Gregory Hughes received 2,976 RSUs on 07/25/2025; no shares were sold.

When will the 2,976 RSUs granted to BL director Gregory Hughes vest?

The RSUs vest 100 % the day before the next annual shareholder meeting, subject to continued service.

Did the Form 4 report any insider sales of BL stock?

No. The filing shows only an acquisition of RSUs at $0 cost and no dispositions.

How many BL shares does Gregory Hughes own after the transaction?

Following the grant, he beneficially owns 2,976 common shares, held directly.

Is the RSU grant material to BlackLine shareholders?

The award represents <0.01 % of outstanding shares, so dilution and market impact are minimal.