Consumer & Retail

Tractor Supply Executive Compensation (FY25)

Name: Tractor Supply (TSCO) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

TSCO · Brentwood, TN · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Harry Lawton III

Latest say-on-pay support

May 14, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of November 1, 2026Latest filing (8-K): May 15, 2026

15 filings cited on this page

Method: intel.velarion.ai/methodology

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347 figures on this page: 336 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Frequently asked questions

Answers drawn from the data on this page.

Who is Tractor Supply's chief executive and what were they paid?

Harry Lawton III, President, Chief Executive Officer, and Director, received $32,277,194 in total compensation for fiscal 2025.

What was Tractor Supply's say-on-pay result?

For fiscal 2025, shareholders backed the say-on-pay proposal with 86.0% of votes cast for or against in favor at the meeting held May 14, 2026.

Which companies are in Tractor Supply's peer group?

The disclosed peer group names Advance Auto Parts, Inc., AutoZone, Inc., Bath & Body Works, Inc., Best Buy, Inc. and BJ's Wholesale Club Holdings, Inc., among others.

What is Tractor Supply's chief executive pay ratio?

For fiscal 2025, the company reported a chief executive pay ratio of 1,324:1, against median employee compensation of $24,376.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Harry Lawton President and Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Kurt Barton Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Robert Mills Executive Vice President – Chief Technology, Digital Commerce and Strategy Officer	◇	—	◇	◇	◇	—	◇	◇
J. Seth Estep Executive Vice President – Chief Merchandising Officer	◇	—	◇	◇	◇	—	◇	◇
John Ordus Executive Vice President – Chief Stores Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Harry Lawton President and Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Kurt Barton Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Rob Mills Executive Vice President, Chief Technology, Digital Commerce and Strategy Officer	◇	—	◇	◇	◇	—	◇	◇
Seth Estep Executive Vice President, Chief Merchandising Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Harry Lawton III President, Chief Executive Officer, and Director	◇	—	◇	◇	◇	—	◇	— not reconciled
Kurt Barton Executive Vice President – Chief Financial Officer and Treasurer	◇	—	◇	◇	◇	—	◇	◇
Rob Mills Executive Vice President – Chief Technology, Digital Commerce, and Strategy Officer	◇	—	◇	◇	◇	—	◇	— not reconciled
Seth Estep Executive Vice President – Chief Merchandising Officer	◇	—	◇	◇	◇	—	◇	◇
John Ordus Executive Vice President – Chief Stores Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Harry Lawton III President, Chief Executive Officer, and Director	◇	—	◇	◇	◇	—	◇	◇
Kurt Barton Executive Vice President Chief Financial Officer and Treasurer	◇	—	◇	◇	◇	—	◇	◇
Robert Mills Executive Vice President Chief Technology, Digital Commerce, and Strategy Officer	◇	—	◇	◇	◇	—	◇	◇
J. Seth Estep Executive Vice President Chief Merchandising Officer	◇	—	◇	◇	◇	—	◇	◇
John Ordus Executive Vice President Chief Stores Officer	◇	—	◇	◇	◇	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Harry A. Lawton III	PSU	◇	◇	◇	—	◇	—	◇
Harry A. Lawton III	PSU	◇	◇	◇	—	◇	—	◇
Harry A. Lawton III	RSU	◇	—	—	◇	—	—	◇
Harry A. Lawton III	RSU	◇	—	—	◇	—	—	◇
Harry A. Lawton III	OPTION	◇	—	—	◇	—	◇	◇
J. Seth Estep	RSU	◇	—	—	◇	—	—	◇
J. Seth Estep	PSU	◇	◇	◇	—	◇	—	◇
J. Seth Estep	OPTION	◇	—	—	◇	—	◇	◇
John P. Ordus	RSU	◇	—	—	◇	—	—	◇
John P. Ordus	PSU	◇	◇	◇	—	◇	—	◇
John P. Ordus	OPTION	◇	—	—	◇	—	◇	◇
Kurt D. Barton	RSU	◇	—	—	◇	—	—	◇
Kurt D. Barton	PSU	◇	◇	◇	—	◇	—	◇
Kurt D. Barton	OPTION	◇	—	—	◇	—	◇	◇
Robert D. Mills	PSU	◇	◇	◇	—	◇	—	◇
Robert D. Mills	RSU	◇	—	—	◇	—	—	◇
Robert D. Mills	OPTION	◇	—	—	◇	—	◇	◇

Fiscal 2022 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Harry Lawton	Option	◇	—	◇	2/3/2031
	Option	◇	—	◇	2/5/2030
	PSU	◇	◇	—	—
	Option	◇	—	◇	2/12/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	2/5/2034
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	Option	◇	—	◇	2/8/2033
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Kurt Barton	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Robert Mills	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
J. Estep	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
John Ordus	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Harry Lawton III

President and Chief Executive Officer · Employment agreement

Severance multiple	◇
Change-in-control multiple	◇

J. Seth Estep

Executive Vice President · Terms as described in the company’s compensation discussion

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Non-compete period	◇
Non-solicit period	◇

John Ordus

Executive Vice President Chief Stores Officer · Terms as described in the company’s compensation discussion

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Non-compete period	◇
Non-solicit period	◇

Kurt Barton

Executive Vice President Chief Financial Officer and Treasurer · Terms as described in the company’s compensation discussion

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Non-compete period	◇
Non-solicit period	◇

Robert Mills

Executive Vice President · Terms as described in the company’s compensation discussion

Change-in-control multiple	◇
Benefits continuation on change in control	◇
Excise tax treatment	◇
Non-compete period	◇
Non-solicit period	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Edna K. Morris Board chair	◇	◇	—	—	—	—	◇
Rick Cardenas	◇	◇	—	—	—	—	◇
Mark J. Weikel	◇	◇	—	—	—	—	◇
Denise L. Jackson	◇	◇	—	—	—	—	◇
Joy Brown	◇	◇	—	—	—	—	◇
André Hawaux	◇	◇	—	—	—	—	◇
Ramkumar Krishnan	◇	◇	—	—	—	—	◇
Meg Ham	◇	◇	—	—	—	—	◇

Harry A. Lawton III and Sonia Syngal served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Board chair premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Advance Auto Parts, Inc. AAP
AutoZone, Inc. AZO
Bath & Body Works, Inc. BBWI
Best Buy, Inc. BBY
BJ's Wholesale Club Holdings, Inc. BJ
Burlington Stores, Inc. BURL
Casey's General Stores, Inc. CASY
Dick's Sporting Goods, Inc. DKS
Dollar General Corporation DG
Dollar Tree, Inc. DLTR
O'Reilly Automotive, Inc. ORLY
Ross Stores, Inc. ROST
ULTA Beauty, Inc. ULTA

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 14, 2026	=	◇	◇	◇
2024	May 15, 2025	=	◇	◇	◇
2023	May 9, 2024	=	◇	◇	◇
2022	May 11, 2023	=	◇	◇	◇
2021	May 11, 2022	=	◇	◇	◇
2020	May 6, 2021	=	◇	◇	◇
2019	May 7, 2020	=	◇	◇	◇
2018	May 9, 2019	=	◇	◇	◇
2017	May 10, 2018	=	◇	◇	◇
2016	May 9, 2017	=	◇	◇	◇
2015	May 3, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Harry Lawton III (President, Chief Executive Officer, and Director), FY2025 total compensation $32,277,194 (base salary $1,344,231) [exec_comp, SEC accession 0001193125-26-126620, filed 2026-03-26]

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What this page does not include

Everything above is a fact Tractor Supply disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Tractor Supply sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

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Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

347 figures on this page: 336 cited to the filing that reported them, 11 calculated from figures it prints.

336 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed May 15, 2026
0000916365-26-000033
DEF 14A, filed March 26, 2026
0001193125-26-126620
2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · Compensation Discussion and Analysis · Compensation of Directors · and 3 more sections
8-K, filed May 16, 2025
0000916365-25-000113
DEF 14A, filed March 27, 2025
0001193125-25-065591
2024 Summary Compensation Table
8-K, filed May 10, 2024
0000916365-24-000061
DEF 14A, filed March 26, 2024
0001193125-24-077638
2023 Summary Compensation Table
8-K, filed May 12, 2023
0000916365-23-000064
DEF 14A, filed March 28, 2023
0001193125-23-082141
2022 Summary Compensation Table · Summary Compensation Table
8-K, filed May 12, 2022
0000916365-22-000070
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 7, 2021
0000916365-21-000104
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 8, 2020
0000916365-20-000109
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 10, 2019
0000916365-19-000095
8-K, filed May 14, 2018
0000916365-18-000069
8-K, filed May 15, 2017
0000916365-17-000077
8-K, filed May 5, 2016
0000916365-16-000176

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15 filings cited on this page

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Consumer & Retail rankings

Chief executive pay — Consumer & Retail CEO pay ratio — Consumer & Retail Say-on-pay support — Consumer & Retail

Peers Tractor Supply discloses

The companies named in TSCO's own disclosed peer group.

Advance Auto Parts, Inc.AutoZone, Inc.Bath & Body Works, Inc.Best Buy, Inc.BJ's Wholesale Club Holdings, Inc.Burlington Stores, Inc.Casey's General Stores, Inc.Dick's Sporting Goods, Inc.Dollar General Corporation Dollar Tree, Inc.O'Reilly Automotive, Inc.Ross Stores, Inc.ULTA Beauty, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

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Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

More on Tractor Supply

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

What this page does not include

Citations

Documents cited

The paid brief for Tractor Supply

Consumer & Retail rankings

Peers Tractor Supply discloses

Terms on this page