Edric C. Funk - 19 Dec 2022 Form 4 Insider Report for TORO CO (TTC)

Role
Group VP, Golf, Grounds & Irr
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
19 Dec 2022
Net transactions value
+$15,853
Form type
4
Filing time
20 Dec 2022, 13:13:22 UTC
Previous filing
03 Nov 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 $17,216 +155 $110.95 155 19 Dec 2022 Direct
transaction TTC Common Stock Tax liability $5,326 -48 -31% $110.95 107 19 Dec 2022 Direct
transaction TTC Common Stock Options Exercise $5,738 +52 +48% $110.95 159 19 Dec 2022 Direct
transaction TTC Common Stock Tax liability $1,775 -16 -10% $110.95 143 19 Dec 2022 Direct
holding TTC Common Stock 2,867 19 Dec 2022 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 Restricted Stock Units Options Exercise $0 -155 -100% $0.000000* 0 19 Dec 2022 Common Stock 155 Direct F1, F2
transaction TTC Restricted Stock Units Options Exercise $0 -52 -100% $0.000000* 0 19 Dec 2022 Common Stock 52 Direct F1, F3
* 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 and equivalents vested and became non-forfeitable in full on the third anniversary of the December 19, 2019 grant date.
F3 The restricted stock units and related dividend and equivalents vested and became non-forfeitable in three equal annual installments commencing on the first anniversary of the December 19, 2019 grant date.