Richard M. Olson - Mar 14, 2023 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
Mar 14, 2023
Transactions value $
-$955,836
Form type
4
Date filed
3/16/2023, 05:38 PM
Previous filing
Jan 5, 2023
Next filing
Dec 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Options Exercise $357K +12K +66.99% $29.75 29.9K Mar 14, 2023 Direct
transaction TTC Common Stock Sale -$635K -5.82K -19.46% $109.16 24.1K Mar 14, 2023 Direct F1
transaction TTC Common Stock Sale -$678K -6.18K -25.65% $109.63 17.9K Mar 14, 2023 Direct F2
holding TTC Common Stock 16.9K Mar 14, 2023 The Toro Company Retirement Plan
holding TTC Performance Share Units 126K Mar 14, 2023 Direct

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 Options Exercise $0 -12K -100% $0.00* 0 Mar 14, 2023 Common Stock 12K $29.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $108.820 to $109.340, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $109.345 to $110.140, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The option vested in three equal annual installments commencing on the first anniversary of the December 6, 2013 grant date.