Form 4: Director Andre Hawaux Receives TSCO Stock Grant
Statement of Changes in Beneficial Ownership
Tractor Supply Company director Andre Hawaux acquired 5,712 restricted stock units as part of the company's 2018 Stock Incentive Plan.
Summary
- Director Andre J. Hawaux was granted 5,712 restricted stock units (RSUs) on May 14, 2026.
- The RSUs were issued under the Tractor Supply Company 2018 Stock Incentive Plan.
- Each RSU represents a right to receive one share of common stock.
- The grant increases the director's total direct beneficial ownership to 15,285 shares.
- The RSUs are scheduled to vest one year from the date of the grant.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in nature.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard equity incentive grant consistent with corporate governance practices.
Negatives
- None identified.
Risks
- Market volatility affecting the future value of the equity grant.
- Vesting conditions dependent on continued service as a director.
Future Outlook
The RSUs will vest on May 14, 2027, one year from the grant date, subject to the terms of the 2018 Stock Incentive Plan.
Management Comments
- The filing confirms the acquisition of RSUs pursuant to the 2018 Stock Incentive Plan.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are a standard industry practice for retail and consumer goods companies to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The grant structure is consistent with standard compensation packages for directors at large-cap retail companies.
- The use of a one-year vesting period is common practice for director equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Andre Hawaux appointed Kurt Barton and Philip L. Codington as attorneys-in-fact for SEC filings. | 2026-02-02 | Standard administrative procedure to facilitate timely regulatory compliance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation.
Next Steps
- Vesting of the 5,712 RSUs on May 14, 2027.
Key Dates
| Date | Description |
|---|---|
| 2026-02-02 | Date of Power of Attorney execution. |
| 2026-05-14 | Date of RSU grant transaction. |
| 2026-05-18 | Date of filing. |
Keywords
Tractor Supply Company, TSCO, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction
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