Form 4: Toro Co. Executive Edric C. Funk Reports Stock Transactions
SEC Form 4 Filing
Edric C. Funk, Group VP at Toro Co., reports acquisition and disposal of common stock and performance share units.
Summary
- Edric C. Funk, a Group VP at Toro Co. (TTC), filed a Form 4 detailing changes in beneficial ownership.
- On September 10, 2024, Funk acquired 436 shares of common stock at $82.78 through The Toro Company Retirement Plan.
- Funk also reports ownership of 4,812.887 shares of common stock through The Toro Company Retirement Plan and 1,057.652 performance share units.
- Additionally, Funk owns 1,505.029 restricted stock units, which vest in equal annual installments starting November 1, 2023.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- Provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| November 1, 2022 | Grant date for restricted stock units, vesting annually from November 1, 2023. |
| September 10, 2024 | Date of common stock acquisition. |
| September 11, 2024 | Date of signature on the Form 4. |
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