James Calvin O'Rourke - Nov 1, 2024 Form 4 Insider Report for TORO CO (TTC)

Role
Director
Signature
/s/ Joanna M. Totsky, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Nov 1, 2024
Transactions value $
$89,732
Form type
4
Date filed
11/5/2024, 11:43 AM
Previous filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Award $89.7K +1.1K +4.24% $81.50 27.1K Nov 1, 2024 Direct F1, F2
holding TTC Common Stock 0 Nov 1, 2024 GRAT #2 F1
holding TTC Common Stock 0 Nov 1, 2024 GRAT #1 F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TTC Non-Qualified Stock Option Award $0 +2.17K $0.00 2.17K Nov 1, 2024 Common Stock 2.17K $81.50 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person indirectly held the following shares in the respective grantor retained annuity trust (GRAT) for the benefit of the reporting person: (a) 3,515 shares of TTC common stock ("GRAT 2 Shares") in GRAT 2; (b) 7,802 shares of TTC common stock ("GRAT 1 Shares") in GRAT 1; and (c) 12,034 shares of TTC common stock ("GRAT 2B Shares") in GRAT 2B. Upon termination of the respective GRAT, the following shares were distributed to the reporting person: (a) 3,515 of the GRAT 2 Shares from GRAT 2; (b) 7,802 of the GRAT 1 Shares from GRAT 1; and 12,034 of the GRAT 2B Shares from GRAT 2B.
F2 Annual common stock award for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan.
F3 Annual option grant for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan.
F4 The option vests in three equal annual installments commencing on the first anniversary of the November 1, 2024 grant date.