Blake M. Grams - Dec 21, 2022 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Sustainability, BA & PI
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 21, 2022
Transactions value $
-$54,855
Form type
4
Date filed
12/23/2022, 10:08 AM
Previous filing
Sep 14, 2022
Next filing
Dec 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Award $0 +1.59K $0.00 1.59K Dec 21, 2022 Direct F1
transaction TTC Common Stock Tax liability -$54.9K -486 -30.66% $112.87 1.1K Dec 21, 2022 Direct
holding TTC Common Stock 203 Dec 21, 2022 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 37K Dec 21, 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 Award $0 +7.5K $0.00 7.5K Dec 22, 2022 Common Stock 7.5K $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 (the "Amended and Restated 2010 Plan"), 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. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
F2 Includes 0.626 net 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 non-discretionary quarterly administrative fees.
F3 Includes 115.482 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 vests in three equal annual installments commencing on the first anniversary of the December 22, 2022 grant date.