Blake M. Grams - 16 Mar 2023 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Strategy, Corp Dev & Sust
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
16 Mar 2023
Net transactions value
-$553,128
Form type
4
Filing time
20 Mar 2023, 16:11:28 UTC
Previous filing
04 Jan 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 $667,242 +11,400 $58.53 11,400 16 Mar 2023 Direct
transaction TTC Common Stock Sale $1,220,370 -11,400 -100% $107.05 0 16 Mar 2023 Direct F1
holding TTC Common Stock 204 16 Mar 2023 The Toro Company Retirement Plan F2
holding TTC Performance Share Units 37,106 16 Mar 2023 Direct F3

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 Non-Qualified Stock Option Options Exercise $0 -11,400 -100% $0.000000* 0 16 Mar 2023 Common Stock 11,400 $58.53 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares of common stock were sold in multiple transactions at prices ranging from $106.620 to $107.450, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Includes 0.587 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less non-discretionary quarterly administrative fees.
F3 Includes 107.895 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
F4 The option vested in three equal annual installments commencing on the first anniversary of the December 7, 2018 grant date.