Form 4: Toro Co. Chairman & CEO Richard Olson Reports Stock Transactions
SEC Form 4
Richard Olson, Chairman & CEO of Toro Co., reports the exercise of stock options, sale of shares, and a charitable donation of stock.
Summary
- Richard Olson, the Chairman & CEO of Toro Co., filed a Form 4 detailing changes in beneficial ownership.
- On June 21, 2024, Olson exercised non-qualified stock options for 20,000 shares at a price of $31.375 per share.
- Also on June 21, 2024, Olson sold 20,000 shares of common stock at $95.19 per share.
- On June 24, 2024, Olson gifted 4,000 shares of common stock to a charitable donor-advised fund.
- Following these transactions, Olson directly owns 13,913.461 shares of common stock and indirectly owns 17,228.339 shares through The Toro Company Retirement Plan.
- Olson also indirectly owns 165,334.818 performance share units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Exercise of stock options and sale of common stock |
| 06/24/2024 | Gift of common stock to a charitable donor-advised fund |
| 06/25/2024 | Date of signature for the Form 4 filing |
| 12/05/2024 | Expiration date of the non-qualified stock option |
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