Form 4: Toro Co. Executive Edric C. Funk Reports Acquisition of Common Stock and Performance Share Units

Group VP Edric C. Funk reports acquiring additional common stock and performance share units through dividend reinvestment and other means.

Summary

• Edric C. Funk, Group VP at Toro Co., filed a Form 4 detailing changes in beneficial ownership.
• On June 28, 2024, Funk acquired 55 shares of common stock at $93.22 per share through The Toro Company Retirement Plan.
• Funk also acquired 4.375 performance share units through The Toro Company Deferred Compensation Plan for Officers.
• Funk directly owns 1,053.5 performance share units.
• Funk indirectly owns 4,332.067 shares of common stock through The Toro Company Retirement Plan.
• Funk also holds restricted stock units representing a contingent right to receive 1,499.11 shares of TTC common stock, vesting in equal annual installments from November 1, 2023.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. Insider buying can be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates