Margeaux King - Aug 1, 2023 Form 4 Insider Report for TORO CO (TTC)

Role: VP, Human Resources
Signature: /s/ Joanna M. Totsky, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Aug 1, 2023
Transactions value $: -$131,757
Form type: 4
Date filed: 8/2/2023, 03:17 PM
Previous filing: Dec 23, 2022
Next filing: Dec 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TTC	Common Stock	Options Exercise	$0	+4.16K		$0.00	4.16K	Aug 1, 2023	Direct
transaction	TTC	Common Stock	Tax liability	-$132K	-1.27K	-30.61%	$103.42	2.89K	Aug 1, 2023	Direct
holding	TTC	Common Stock						1	Aug 1, 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	-4.16K	-33.33%	$0.00	8.32K	Aug 1, 2023	Common Stock	4.16K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Includes 1 share of common stock acquired through a standard issuer contribution to The Toro Company Retirement Plan (the "Plan") and 0.003 shares acquired under the dividend reinvestment feature of the Plan by the reporting person since the date of her last report.
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 August 1, 2023, which is the first anniversary of the date of grant.