Blake M. Grams - Jan 3, 2023 Form 4 Insider Report for TORO CO (TTC)

Role
VP, Sustainability, BA & PI
Signature
/s/ Amy E. Dahl, Attorney-in-Fact
Stock symbol
TTC
Transactions as of
Jan 3, 2023
Transactions value $
-$600,274
Form type
4
Date filed
1/4/2023, 02:48 PM
Previous filing
Dec 28, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Common Stock Options Exercise $599K +10.6K $56.54 10.6K Jan 3, 2023 Direct
transaction TTC Common Stock Sale -$563K -4.98K -47% $112.96 5.62K Jan 3, 2023 Direct F1
transaction TTC Common Stock Sale -$637K -5.62K -100% $113.35 0 Jan 3, 2023 Direct F2
holding TTC Common Stock 203 Jan 3, 2023 The Toro Company Retirement Plan
holding TTC Performance Share Units 37K Jan 3, 2023 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 Non-Qualified Stock Option Options Exercise $0 -10.6K -100% $0.00* 0 Jan 3, 2023 Common Stock 10.6K $56.54 Direct F3
* 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 $112.710 to $113.110, 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 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 $113.120 to $113.715, 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.
F3 The option vested in three equal annual installments commencing on the first anniversary of the December 9, 2016 grant date.