Katherine J. Harless - Jan 13, 2023 Form 4 Insider Report for TORO CO (TTC)

Role: Director
Signature: /s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Jan 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/18/2023, 12:48 PM
Previous filing: Jan 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock Units	Disposed to Issuer	$0	-1.06K	-23.69%	$0.00	3.43K	Jan 13, 2023	Direct	F1, F2
transaction	TTC	Common Stock	Award	$0	+1.06K	+1.99%	$0.00	54.4K	Jan 13, 2023	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the payout of 1,009 shares of common stock and 55.311 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2023 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.
F2	Includes 9.969 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.

Content

Represents the payout of 1,009 shares of common stock and 55.311 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2023 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.

Includes 9.969 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.