Richard W. Rodier - 19 May 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
19 May 2022
Net transactions value
-$12,979
Form type
4
Filing time
20 May 2022, 10:13:42 UTC
Previous filing
05 Apr 2022
Next filing
17 Jun 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 +545 +2.3% $0.000000 23,863 19 May 2022 Direct
transaction TTC Common Stock Tax liability $12,979 -167 -0.7% $77.72 23,696 19 May 2022 Direct
holding TTC Common Stock 2,806 19 May 2022 The Toro Company Retirement Plan F1
holding TTC Performance Share Units 6,098 19 May 2022 Direct F2

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 -545 -50% $0.000000 546 19 May 2022 Common Stock 545 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 9.711 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.
F2 Includes 21.016 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.
F3 Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F4 The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the date of grant.
F5 The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the date of grant.