Mills Robert D, EVP Chief Technology Officer, has demonstrated a clear selling bias in his recent insider trading activity, as evidenced by SEC Form 4 filings. Over the course of 37 transactions, all involving Tractor Supply Company (TSCO), Mills has sold shares totaling $16,104,561.25, compared to purchases worth $6,424,734.44. Notably, his recent trades have been exclusively sales, with six transactions recorded in February 2026 alone. These sales include significant disposals, such as a $3,406,854 transaction on February 11, 2026, and a $1,222,500.60 transaction on the same day. Earlier sales in February 2024 were even more substantial, with transactions valued at $4,619,377.60 and $4,885,787.04, among others.
Mills’ trading pattern suggests a consistent reduction in his TSCO holdings over time. While he has engaged in smaller transactions related to the acquisition of shares through derivative securities, such as options exercises (coded as "M" and "F"), these have been overshadowed by the magnitude of his sales. For example, on February 12, 2026, he exercised options for shares valued at $46,822.77 but did not offset these acquisitions with purchases. The absence of recent buys, combined with the high volume of sales, indicates a strategic divestment rather than a balanced trading approach. This activity underscores a notable shift in Mills’ position within TSCO, reflecting a trend of reducing his stake in the company.
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