Katherine J. Harless - 14 Jan 2022 Form 4 Insider Report for TORO CO (TTC)

Role: Director
Signature: /s/ Timothy C. Quist, Attorney-in-Fact
Issuer symbol: TTC
Transactions as of: 14 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Jan 2022, 11:52:06 UTC
Previous filing: 03 Nov 2021
Next filing: 23 Sep 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 Units	Disposed to Issuer	$0	-983	-22%	$0.000000	3,503	14 Jan 2022	Direct	F1
transaction	TTC	Common Stock	Award	$0	+982	+1.8%	$0.000000	55,144	14 Jan 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 10.804 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.
F2	Represents the payout of 932 shares of common stock and 50.808 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2022 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.

Content

Includes 10.804 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.

Represents the payout of 932 shares of common stock and 50.808 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2022 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.