Daryn A. Walters - 28 Mar 2023 Form 4 Insider Report for TORO CO (TTC)

Role: VP, Exmark & Intimidator Group
Signature: /s/ Amy E. Dahl, Attorney-in-Fact
Issuer symbol: TTC
Transactions as of: 28 Mar 2023
Net transactions value: +$24,191
Form type: 4
Filing time: 30 Mar 2023, 17:07:31 UTC
Previous filing: 23 Dec 2022
Next filing: 03 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock	Options Exercise	$37,028	+337	+55%	$109.72	947	28 Mar 2023	Direct
transaction	TTC	Common Stock	Tax liability	$12,837	-117	-12%	$109.72	830	28 Mar 2023	Direct
holding	TTC	Common Stock						2,019	28 Mar 2023	The Toro Company Retirement Plan	F1

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	Restricted Stock Units	Options Exercise	$0	-337	-33%	$0.000000	676	28 Mar 2023	Common Stock	337		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Includes the following shares of common stock acquired by the reporting person since the date of his last report: 5.828 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan ("the Plan"); and 5.864 net shares acquired under the dividend reinvestment feature of the Plan less quarterly non-discretionary administrative fees.
F2	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F3	The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the March 28, 2022 grant date.