Gregory S. Janey - Dec 15, 2021 Form 4 Insider Report for TORO CO (TTC)

Role
VP, RLC
Signature
/s/ Angela D. Snavely, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 15, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 10:44 AM
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Performance Share Units Award $0 +1.41K $0.00 1.41K Dec 15, 2021 Direct F1
holding TTC Common Stock 2.7K Dec 15, 2021 Direct F2
holding TTC Common Stock 2.07K Dec 15, 2021 The Toro Company Retirement Plan 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 Non-Qualified Stock Option Award $0 +8.2K $0.00 8.2K Dec 16, 2021 Common Stock 8.2K $99.34 Direct F4
* 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 2019 to Fiscal 2021 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 14, 2021, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2021 financial results that were released on December 15, 2021. 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 2.748 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.
F3 Includes 15.008 shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.
F4 The option vests in three equal annual installments commencing on the first anniversary of the date of grant.