AMY E. DAHL - 21 Dec 2022 Form 4 Insider Report for TORO CO (TTC)

Role: VP, GC and Corporate Secretary
Signature: /s/ Amy E. Dahl
Issuer symbol: TTC
Transactions as of: 21 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Dec 2022, 09:56:36 UTC
Previous filing: 13 Sep 2022
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Performance Share Units	Award	$0	+2,954	+41%	$0.000000	10,191	21 Dec 2022	Direct	F1, F2
holding	TTC	Common Stock						18,706	21 Dec 2022	Direct
holding	TTC	Common Stock						3,825	21 Dec 2022	The Toro Company Retirement Plan	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	Award	$0	+15,400		$0.000000	15,400	22 Dec 2022	Common Stock	15,400	$111.15	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the payout of a Performance Share Award for the Fiscal 2020 to Fiscal 2022 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the Issuer's Compensation & Human Resources Committee of its Board of Directors on December 13, 2022, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2022 financial results that were released on December 21, 2022. The reporting person has deferred the payout of her Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
F2	Includes 22.588 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of the Deferred Plan.
F3	Includes the following shares of common stock acquired by the reporting person since the date of her last report: 1.704 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan (the "Plan") and 11.923 net shares acquired under the dividend reinvestment feature of the Plan less quarterly non-discretionary administrative fees.
F4	The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2022 grant date.