Richard M. Olson - 30 Jun 2022 Form 4 Insider Report for TORO CO (TTC)

Role
Chairman & CEO, Director
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
30 Jun 2022
Net transactions value
-$696,780
Form type
4
Filing time
05 Jul 2022, 13:35:20 UTC
Previous filing
07 Mar 2022
Next filing
23 Dec 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 $264,978 +12,600 +132% $21.03* 22,175 30 Jun 2022 Direct
transaction TTC Common Stock Sale $961,758 -12,600 -57% $76.33 9,575 30 Jun 2022 Direct F1
holding TTC Common Stock 16,747 30 Jun 2022 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 124,850 30 Jun 2022 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 Options Exercise $0 -12,600 -100% $0.000000* 0 30 Jun 2022 Common Stock 12,600 $21.03 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $76.27 to $76.47, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Includes 108.097 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 quarterly non-discretionary administrative fees.
F3 Includes 813.264 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 vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 11, 2012.