Kevin N. Carpenter - Nov 30, 2022 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Global Ops & Supply Chain
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Nov 30, 2022
Transactions value $
$452,758
Form type
4
Date filed
12/2/2022, 11:00 AM
Previous filing
Dec 17, 2021
Next filing
Dec 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Options Exercise $652K +5.88K $110.99 5.88K Nov 30, 2022 Direct
transaction TTC Common Stock Tax liability -$200K -1.8K -30.6% $110.99 4.08K Nov 30, 2022 Direct
holding TTC Common Stock 1 Nov 30, 2022 The Toro Company Retirement Plan F1

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 -5.88K -33.33% $0.00 11.8K Nov 30, 2022 Common Stock 5.88K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes the following shares of common stock acquired by the reporting person since the date of his last report: 1 share acquired through a standard issuer contribution to The Toro Company Retirement Plan (the "Plan") and 0.002 net shares acquired under the dividend reinvestment feature of the Plan less non-discretionary quarterly administrative fees.
F2 Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F3 The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on November 30, 2022, which is the first anniversary of the date of grant.
F4 The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on November 30, 2022, which is the first anniversary of the date of grant.