Kurt D. Svendsen - Dec 15, 2021 Form 4 Insider Report for TORO CO (TTC)

Role: VP, Strat, Corp & Channel Dev
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, 11:31 AM
Next filing: Oct 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Performance Share Units	Award	$0	+1.26K		$0.00	1.26K	Dec 15, 2021	Direct	F1
holding	TTC	Common Stock						10.5K	Dec 15, 2021	Direct	F2
holding	TTC	Common Stock						10.8K	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	+7.2K		$0.00	7.2K	Dec 16, 2021	Common Stock	7.2K	$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 103.500 shares of common stock 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 106.155 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less non-discretionary quarterly administrative fees.
F4	The option vests in three equal annual installments commencing on the first anniversary of the date of grant.