Angela C. Drake - Mar 11, 2024 Form 4 Insider Report for TORO CO (TTC)

Role: VP & CFO
Signature: /s/ Joanna M. Totsky, Attorney-in-Fact
Stock symbol: TTC
Transactions as of: Mar 11, 2024
Transactions value $: $115,111
Form type: 4
Date filed: 3/13/2024, 06:12 AM
Previous 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	$233K	+2.63K	+56.36%	$88.69	7.3K	Mar 11, 2024	Direct
transaction	TTC	Common Stock	Tax liability	-$118K	-1.33K	-18.26%	$88.69	5.96K	Mar 11, 2024	Direct
holding	TTC	Common Stock						103	Mar 11, 2024	The Toro Company Retirement Plan	F1
holding	TTC	Performance Share Units						730	Mar 11, 2024	Direct	F2

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	-2.63K	-33.33%	$0.00	5.26K	Mar 11, 2024	Common Stock	2.63K		Direct	F3, F4

* 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 her last report: 11.728 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan (the "Retirement Plan"); and 0.3600 shares acquired under the dividend reinvestment feature of the Retirement Plan.
F2	Includes 2.872 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
F3	Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F4	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 10, 2023 grant date.