Richard W. Rodier - 19 May 2021 Form 4 Insider Report for TORO CO (TTC)

Role: Group VP, Construction & RLC
Signature: /s/ Angela D. Snavely, Attorney-in-Fact
Issuer symbol: TTC
Transactions as of: 19 May 2021
Net transactions value: -$18,247
Form type: 4
Filing time: 20 May 2021, 17:01:52 UTC
Next filing: 24 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock	Options Exercise		+539	+2.6%		21,144	19 May 2021	Direct	F1
transaction	TTC	Common Stock	Tax liability	$18,247	-166	-0.79%	$109.92	20,978	19 May 2021	Direct
holding	TTC	Common Stock						2,774	19 May 2021	The Toro Company Retirement Plan	F2
holding	TTC	Performance Share Units						6,028	19 May 2021	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
transaction	TTC	Restricted Stock Units	Options Exercise		-539	-33%		1,080	19 May 2021	Common Stock	539		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F2	Includes 6.369 net shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan, less quarterly non-discretionary administrative fees.
F3	Includes 13.854 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
F4	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 date of grant.