Kevin L. Smith - 02 Nov 2023 Form 4 Insider Report for TORO CO (TTC)

Role: VP, Ditch Witch
Signature: /s/ Joanna M. Totsky, Attorney-in-Fact
Issuer symbol: TTC
Transactions as of: 02 Nov 2023
Net transactions value: -$17,744
Form type: 4
Filing time: 03 Nov 2023, 16:38:27 UTC
Previous filing: 23 Dec 2022
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	$0	+726	+38%	$0.000000	2,662	02 Nov 2023	Direct
transaction	TTC	Common Stock	Tax liability	$17,744	-212	-8%	$83.70	2,450	02 Nov 2023	Direct
holding	TTC	Common Stock						1	02 Nov 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	-726	-100%	$0.000000^*	0	02 Nov 2023	Common Stock	726		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Includes 0.014 shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan.
F2	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F3	The restricted stock units and related accrued dividend equivalents vested and became non-forfeitable in full on the third anniversary of the November 2, 2020, grant date.