Richard W. Rodier - 15 Dec 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
15 Dec 2021
Net transactions value
-$46,662
Form type
4
Filing time
17 Dec 2021, 12:21:25 UTC
Previous filing
24 Jun 2021
Next filing
28 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Award $0 +1,554 +8% $0.000000 21,032 15 Dec 2021 Direct F1
transaction TTC Common Stock Tax liability $46,662 -476 -2.3% $98.03 20,556 15 Dec 2021 Direct
holding TTC Common Stock 2,788 15 Dec 2021 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 6,058 15 Dec 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 +20,600 $0.000000 20,600 16 Dec 2021 Common Stock 20,600 $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 13.902 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 30.335 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 option vests in three equal annual installments commencing on the first anniversary of the date of grant.