Tractor Supply details new CEO’s pay deal

Hal Lawton

The directors of Tractor Supply built an extensive pay package to lure to town Macy’s President Hal Lawton, who next month will take over as CEO of the farm and ranch products retailer from Greg Sandfort.

In a recent regulatory filing, Tractor Supply detailed what it’ll pay the 45-year-old Lawton, who will start at the Brentwood-based company Jan. 13, in the coming year. Lawton will receive an annual salary of $1.125 million — Sandfort’s was $1.1 million last year — and be eligible for a target bonus of at least $1.4 million. The Tractor Supply board also has agreed to: