Amy E. Dahl - Dec 15, 2021 Form 4 Insider Report for TORO CO (TTC)

Role: VP, HR & GC
Signature: /s/ Angela D. Snavely, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Dec 15, 2021
Transactions value $: -$84,404
Form type: 4
Date filed: 12/17/2021, 11:38 AM
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock	Award	$0	+2.81K	+18.25%	$0.00	18.2K	Dec 15, 2021	Direct	F1
transaction	TTC	Common Stock	Tax liability	-$84.4K	-861	-4.73%	$98.03	17.4K	Dec 15, 2021	Direct
holding	TTC	Common Stock						3.72K	Dec 15, 2021	The Toro Company Retirement Plan	F2
holding	TTC	Performance Share Units						7.14K	Dec 15, 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	Non-Qualified Stock Option	Award	$0	+16.9K		$0.00	16.9K	Dec 16, 2021	Common Stock	16.9K	$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 (the "Amended and Restated 2010 Plan"), 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. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
F2	Includes the following shares of common stock acquired by the reporting person since the date of her last report: 26.2390 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan (the "Plan") and 36.442 net shares acquired under the dividend reinvestment feature of the Plan less quarterly non-discretionary administrative fees.
F3	Includes 65.046 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of the The Toro Company Deferred Compensation Plan for Officers.
F4	The option vests in three equal annual installments commencing on the first anniversary of the date of grant.