Form 4: Tractor Supply Co. Executive Noni Ellison Reports Stock Option Exercises and Sales
SEC Form 4
Noni L. Ellison, SVP General Counsel at Tractor Supply Co., executed stock options and sold shares on February 23, 2024, according to a Form 4 filing with the SEC.
Summary
- Noni L. Ellison, a Senior Vice President and General Counsel at Tractor Supply Company, reported transactions involving the company's stock on February 23, 2024.
- Ellison exercised employee stock options to acquire 4,978 shares at $143.18, 1,669 shares at $221.95, and 937 shares at $232.73.
- Following the exercise of these options, Ellison sold 6,199 shares at a weighted average price of $241.79, with individual sales ranging from $241.75 to $241.84.
- After these transactions, Ellison directly owns 6,031.751 shares of common stock and indirectly owns 115.405 shares through a stock purchase plan.
- Ellison also holds derivative securities in the form of employee stock options for 835 shares at an exercise price of $221.95 and 1,874 shares at an exercise price of $232.73.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/03/2022 | First vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $143.18. |
| 02/03/2023 | Second vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $143.18. |
| 02/09/2023 | First vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $221.95. |
| 02/03/2024 | Final vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $143.18. |
| 02/08/2024 | First vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $232.73. |
| 02/09/2024 | Second vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $221.95. |
| 02/23/2024 | Date of stock option exercises and sales. |
| 02/08/2025 | Second vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $232.73. |
| 02/09/2025 | Final vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $221.95. |
| 02/08/2026 | Final vesting date for 33 1/3% of shares from option granted pursuant to the Tractor Supply Company 2018 Omnibus Incentive Plan with an exercise price of $232.73. |
| 02/03/2031 | Expiration date of employee stock option with an exercise price of $143.18. |
| 02/09/2032 | Expiration date of employee stock option with an exercise price of $221.95. |
| 02/08/2033 | Expiration date of employee stock option with an exercise price of $232.73. |
| 02/27/2024 | Date of Form 4 filing. |
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