AMY E. DAHL - 20 Dec 2023 Form 4 Insider Report for TORO CO (TTC)

Role
VP, International
Signature
/s/ Joanna M. Totsky, Attorney-in-Fact
Issuer symbol
TTC
Transactions as of
20 Dec 2023
Net transactions value
$0
Form type
4
Filing time
21 Dec 2023, 14:45:00 UTC
Previous filing
12 Jan 2023
Next filing
28 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTC Performance Share Units Award $0 +5,750 +56% $0.000000 16,069 20 Dec 2023 Direct F1, F2
holding TTC Common Stock 18,706 20 Dec 2023 Direct
holding TTC Common Stock 3,921 20 Dec 2023 The Toro Company Retirement Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the payout of a Performance Share Award for the Fiscal 2021 to Fiscal 2023 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the Issuer's Compensation & Human Resources Committee of its Board of Directors on December 12, 2023, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2023 financial results that were released on December 20, 2023. The reporting person has deferred the payout of her Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
F2 Includes 106.602 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of the Deferred Plan.
F3 Includes the following shares of common stock acquired by the reporting person since the date of her last report: 32.30 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan ("Retirement Plan"); 40.335 net shares acquired under the dividend reinvestment feature of the Retirement Plan less quarterly non-discretionary administrative fees; and 12.635 shares acquired through an account true-up adjustment.