Richard W. Rodier - 01 Apr 2022 Form 4 Insider Report for TORO CO (TTC)

Role: Group VP, Construction & RLC
Signature: /s/ Timothy C. Quist, Attorney-in-Fact
Issuer symbol: TTC
Transactions as of: 01 Apr 2022
Net transactions value: -$105,357
Form type: 4
Filing time: 05 Apr 2022, 16:10:47 UTC
Previous filing: 28 Mar 2022
Next filing: 20 May 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	Options Exercise	$0	+3,979	+19%	$0.000000	24,535	01 Apr 2022	Direct
transaction	TTC	Common Stock	Tax liability	$105,357	-1,218	-5%	$86.50	23,317	01 Apr 2022	Direct
holding	TTC	Common Stock						2,796	01 Apr 2022	The Toro Company Retirement Plan
holding	TTC	Performance Share Units						6,077	01 Apr 2022	Direct

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	Restricted Stock Units	Options Exercise	$0	-3,979	-100%	$0.000000^*	0	01 Apr 2022	Common Stock	3,979		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F2	The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on April 1, 2022, which was the third anniversary of the date of grant.