Blake M. Grams - Dec 15, 2021 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Sustainability, BA & PI
Signature
/s/ Angela D. Snavely, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 15, 2021
Transactions value $
-$86,070
Form type
4
Date filed
12/17/2021, 12:26 PM
Next filing
Sep 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Award $0 +1.92K $0.00 1.92K Dec 15, 2021 Direct F1
transaction TTC Common Stock Tax liability -$86.1K -878 -45.63% $98.03 1.05K Dec 15, 2021 Direct
holding TTC Common Stock 200 Dec 15, 2021 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 36.5K 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 +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 (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 1.425 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.
F3 Includes 266.270 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.