Renee J. Peterson - Jun 16, 2021 Form 4 Insider Report for TORO CO (TTC)

Role
VP & CFO
Signature
/s/ Angela D. Snavely, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Jun 16, 2021
Transactions value $
$971,688
Form type
4
Date filed
6/21/2021, 05:13 PM
Previous filing
May 24, 2021
Next filing
Aug 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Other $0 -9.29K -100% $0.00* 0 Jun 16, 2021 Held by the Renee J. Peterson Grantor Retained Annuity Trust #2 F1
transaction TTC Common Stock Other $972K +9.29K +37.46% $104.55 34.1K Jun 16, 2021 Direct F1
holding TTC Common Stock 23.7K Jun 16, 2021 Held by the Renee J. Peterson Grantor Retained Annuity Trust #3
holding TTC Common Stock 729 Jun 16, 2021 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 85.4K Jun 16, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 16, 2021, the reporting person withdrew 9,294 shares of TTC common stock from the Renee J. Peterson Grantor Retained Annuity Trust #2 (GRAT #2) . In exchange for the shares, the reporting person contributed to GRAT #2 a cash payment of $104.55 per share. The withdrawal of shares from GRAT #2 resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through GRAT #2 and a corresponding increase in the number of shares the reporting person beneficially owns directly. The withdrawal of shares from GRAT #2 constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
F2 Includes 3.545 net shares of common stock acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Retirement Plan, less quarterly non-discretionary administrative fees.
F3 Includes 418.937 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.