Daryn A. Walters - 15 Dec 2021 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Exmark
Signature
/s/ Angela D. Snavely, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
15 Dec 2021
Net transactions value
-$27,742
Form type
4
Filing time
21 Dec 2021, 15:11:34 UTC
Previous filing
22 Dec 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 +962 +97% $0.000000 1,953 15 Dec 2021 Direct F1
transaction TTC Common Stock Tax liability $27,742 -283 -14% $98.03 1,670 15 Dec 2021 Direct
holding TTC Common Stock 1,968 15 Dec 2021 The Toro Company Retirement Plan

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 +5,100 $0.000000 5,100 16 Dec 2021 Common Stock 5,100 $99.34 Direct F2
* 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 The option vests in three equal annual installments commencing on the first anniversary of the date of grant.