Kurt D. Svendsen - Dec 21, 2022 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Strat, Corp & Channel Dev
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Dec 21, 2022
Transactions value $
$0
Form type
4
Date filed
12/23/2022, 10:27 AM
Previous filing
Oct 3, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Performance Share Units Award $0 +1.01K +79.05% $0.00 2.28K Dec 21, 2022 Direct F1, F2
holding TTC Common Stock 10.6K Dec 21, 2022 Direct F3
holding TTC Common Stock 10.9K Dec 21, 2022 The Toro Company Retirement Plan F4

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 +6.6K $0.00 6.6K Dec 22, 2022 Common Stock 6.6K $111.15 Direct F5
* 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 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 Includes 3.979 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
F3 Includes 33.877 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.
F4 Includes 34.113 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.
F5 The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2022 grant date.