GREGORY S. JANEY - 21 Dec 2022 Form 4 Insider Report for TORO CO (TTC)

Role
Group VP, Contractor & Res
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
21 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 10:10:26 UTC
Previous filing
03 Nov 2022
Next filing
13 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 +1,225 +86% $0.000000 2,650 21 Dec 2022 Direct F1
holding TTC Common Stock 2,707 21 Dec 2022 Direct
holding TTC Common Stock 2,099 21 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 Non-Qualified Stock Option Award $0 +11,300 $0.000000 11,300 22 Dec 2022 Common Stock 11,300 $111.15 Direct F2
* 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, 20212 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 his 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 The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2022 grant date.