Form 4: Toro Co. Executive Edric C. Funk Reports Stock Transactions
SEC Form 4 Filing
Edric C. Funk, Group VP at Toro Co., reports the sale and acquisition of common stock and derivative securities.
Summary
- Edric C. Funk, a Group VP at Toro Co., filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on March 15, 2024, and involved the sale of common stock at prices ranging from $89.54 to $89.61.
- Funk also acquired common stock indirectly through The Toro Company Retirement Plan at $89.85.
- The report includes information on restricted stock units that vest in three equal annual installments starting November 1, 2023.
- The filing also mentions dividend reinvestments and administrative fees related to The Toro Company Retirement Plan and Deferred Compensation Plan for Officers.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock sale and acquisition transactions. |
| 11/01/2023 | First anniversary of the grant date for restricted stock units, when the first installment vests. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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