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Tractor Supply Executive Compensation (FY25)

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

The paid brief on Tractor Supply

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): May 15, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Tractor Supply brief$1,500Get the executive brief
320 figures on this page: 309 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Harry Lawton III
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee

More on Tractor Supply

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Hal Lawton → Harry Lawton III
CEO pay ratio: 324:1 → 1,324:1

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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hal Lawton
President and Chief Executive Officer
◇—◇◇◇—◇◇
Kurt Barton
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hal 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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hal Lawton
President and Chief Executive Officer
◇—◇◇◇—◇— not reconciled
Kurt Barton
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Rob Mills
Executive Vice President, Chief Technology, Digital Commerce and Strategy Officer
◇—◇◇◇—◇— not reconciled
Seth Estep
Executive Vice President, Chief Merchandising Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Harry A. Lawton IIIOPTION◇——◇—◇◇
Harry A. Lawton IIIPSU◇◇◇—◇—◇
Harry A. Lawton IIIRSU◇——◇——◇
Harry A. Lawton IIIRSU◇——◇——◇
Harry A. Lawton IIIPSU◇◇◇—◇—◇
J. Seth EstepPSU◇◇◇—◇—◇
J. Seth EstepRSU◇——◇——◇
J. Seth EstepOPTION◇——◇—◇◇
John P. OrdusOPTION◇——◇—◇◇
John P. OrdusRSU◇——◇——◇
John P. OrdusPSU◇◇◇—◇—◇
Kurt D. BartonRSU◇——◇——◇
Kurt D. BartonPSU◇◇◇—◇—◇
Kurt D. BartonOPTION◇——◇—◇◇
Robert D. MillsPSU◇◇◇—◇—◇
Robert D. MillsRSU◇——◇——◇
Robert D. MillsOPTION◇——◇—◇◇
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Harry LawtonPSU◇◇——
Option◇—◇2/12/2035
PSU◇◇——
RSU◇◇——
Option◇—◇2/3/2031
RSU◇◇——
RSU◇◇——
Option◇—◇2/5/2030
Option◇—◇2/5/2034
Option◇—◇2/8/2033
RSU◇◇——
PSU◇◇——
Kurt BartonRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Robert MillsPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
John OrdusPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
J. EstepRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
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.
J. Seth Estep
Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing
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 · citing a 2026 filing
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 · citing a 2026 filing
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 · citing a 2026 filing
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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.
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◇
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 11, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 7, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇
2016May 9, 2017=◇◇◇
2015May 3, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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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 — $1,500
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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
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.
Velarion Intelligence
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.
320 figures on this page: 309 cited to the filing that reported them, 11 calculated from figures it prints.
309 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000916365-26-000033
  2. 0001193125-26-126620
    2025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · Compensation Discussion and Analysis · Compensation of Directors · and 2 more sections
  3. 0000916365-25-000113
  4. 0001193125-25-065591
    2024 Summary Compensation Table
  5. 0000916365-24-000061
  6. 0001193125-24-077638
    2023 Summary Compensation Table
  7. 0000916365-23-000064
  8. 0001193125-23-082141
    Summary Compensation Table
  9. 0000916365-22-000070
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000916365-21-000104
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000916365-20-000109
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000916365-19-000095
  13. 0000916365-18-000069
  14. 0000916365-17-000077
  15. 0000916365-16-000176
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Tractor Supply executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TSCO (accessed 2026).
Short form: data: Velarion

The paid brief for Tractor Supply

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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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 CorporationDollar Tree, Inc.O'Reilly Automotive, Inc.Ross Stores, Inc.ULTA Beauty, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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