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

Role
Group VP, Golf, Grounds & Irr
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 19, 2022
Transactions value $
$15,853
Form type
4
Date filed
12/20/2022, 01:13 PM
Previous filing
Nov 3, 2022
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 $17.2K +155 $110.95 155 Dec 19, 2022 Direct
transaction TTC Common Stock Tax liability -$5.33K -48 -30.93% $110.95 107 Dec 19, 2022 Direct
transaction TTC Common Stock Options Exercise $5.74K +51.7 +48.26% $110.95 159 Dec 19, 2022 Direct
transaction TTC Common Stock Tax liability -$1.78K -16 -10.07% $110.95 143 Dec 19, 2022 Direct
holding TTC Common Stock 2.87K Dec 19, 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% $0.00* 0 Dec 19, 2022 Common Stock 155 Direct F1, F2
transaction TTC Restricted Stock Units Options Exercise $0 -51.7 -100% $0.00* 0 Dec 19, 2022 Common Stock 51.7 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.