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

Role: Chairman & CEO, Director
Signature: /s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Dec 21, 2022
Transactions value $: -$1,120,122
Form type: 4
Date filed: 12/23/2022, 10:17 AM
Previous filing: Jul 5, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock	Award	$0	+21.8K	+227.27%	$0.00	31.3K	Dec 21, 2022	Direct	F1
transaction	TTC	Common Stock	Tax liability	-$1.12M	-9.92K	-31.67%	$112.87	21.4K	Dec 21, 2022	Direct
holding	TTC	Common Stock						16.9K	Dec 21, 2022	The Toro Company Retirement Plan	F2
holding	TTC	Performance Share Units						126K	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	+109K		$0.00	109K	Dec 22, 2022	Common Stock	109K	$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 116.136 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 quarterly non-discretionary administrative fees.
F3	Includes 872.221 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.