Kurt D. Svendsen - Dec 18, 2024 Form 4 Insider Report for TORO CO (TTC)

Role: VP, Technology
Signature: /s/ Joanna M. Totsky, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Dec 18, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/19/2024, 05:29 PM
Previous filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Performance Share Units	Award	$0	+940	+19.29%	$0.00	5.81K	Dec 18, 2024	Direct	F1, F2
holding	TTC	Common Stock						11.2K	Dec 18, 2024	Direct	F3
holding	TTC	Common Stock						11.2K	Dec 18, 2024	The Toro Company Retirement Plan	F4

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						928	Dec 18, 2024	Common Stock	480		Direct	F5, F6

* 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. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan"), and accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
F2	Includes 60.243 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
F3	Includes 140.484 shares acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.
F4	Includes 139.069 net shares acquired under the dividend reinvestment feature of the Retirement Plan less quarterly non-discretionary administrative fees.
F5	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F6	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 1, 2023 grant date.