Richard W. Rodier - Apr 1, 2022 Form 4 Insider Report for TORO CO (TTC)

Role
Group VP, Construction & RLC
Signature
/s/ Timothy C. Quist, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Apr 1, 2022
Transactions value $
-$105,357
Form type
4
Date filed
4/5/2022, 04:10 PM
Previous filing
Mar 28, 2022
Next filing
May 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Options Exercise $0 +3.98K +19.36% $0.00 24.5K Apr 1, 2022 Direct
transaction TTC Common Stock Tax liability -$105K -1.22K -4.96% $86.50 23.3K Apr 1, 2022 Direct
holding TTC Common Stock 2.8K Apr 1, 2022 The Toro Company Retirement Plan
holding TTC Performance Share Units 6.08K Apr 1, 2022 Direct

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 -3.98K -100% $0.00* 0 Apr 1, 2022 Common Stock 3.98K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F2 The restricted stock units and related dividend equivalents vested and became non-forfeitable in full on April 1, 2022, which was the third anniversary of the date of grant.