Angela C. Drake - Dec 18, 2024 Form 4 Insider Report for TORO CO (TTC)

Role
VP & CFO
Signature
/s/ Joanna M. Totsky, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 18, 2024
Transactions value $
$40,557
Form type
4
Date filed
12/19/2024, 05:20 PM
Previous filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Options Exercise $58.5K +718 +12.04% $81.44 6.68K Dec 18, 2024 Direct F1
transaction TTC Common Stock Tax liability -$17.9K -220 -3.29% $81.44 6.46K Dec 18, 2024 Direct
holding TTC Common Stock 256 Dec 18, 2024 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 740 Dec 18, 2024 Direct F3

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
holding TTC Restricted Stock Units 5.33K Dec 18, 2024 Common Stock 2.7K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the payout of a Performance Share Award for the Fiscal 2022 to Fiscal 2024 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the Issuer's Compensation & Human Resources Committee of its Board of Directors on December 10, 2024, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2024 financial results that were released on December 18, 2024.
F2 Includes the following shares of common stock acquired by the reporting person since the date of her last report: 150.717 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan; and 2.375 shares acquired under the dividend reinvestment feature of the Retirement Plan less quarterly non-discretionary administrative fees.
F3 Includes 9.143 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
F4 Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F5 The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the March 10, 2023 grant date.