Renee J. Peterson - Dec 21, 2022 Form 4 Insider Report for TORO CO (TTC)

Role
VP & CFO
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 21, 2022
Transactions value $
-$226,643
Form type
4
Date filed
12/23/2022, 10:19 AM
Previous filing
Nov 21, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Award $0 +4.83K +38.63% $0.00 17.3K Dec 21, 2022 Direct F1
transaction TTC Common Stock Tax liability -$227K -2.01K -11.59% $112.87 15.3K Dec 21, 2022 Direct
holding TTC Common Stock 1.77K Dec 21, 2022 Held by the Renee J. Peterson Grantor Retained Annuity Trust #3
holding TTC Common Stock 12.5K Dec 21, 2022 Held by the Renee J. Peterson Grantor Retained Annuity Trust #4
holding TTC Common Stock 26.5K Dec 21, 2022 Held by the Renee J. Peterson Grantor Retained Annuity Trust #5
holding TTC Common Stock 743 Dec 21, 2022 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 87K 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 +28.2K $0.00 28.2K Dec 22, 2022 Common Stock 28.2K $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 2.311 net shares of common stock acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Retirement Plan, less quarterly non-discretionary administrative fees.
F3 Includes 271.564 performance share units acquired by the reporting person since the date of her 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.