Form 4: Toro Co. Executive Funk Reports Stock Transactions

Edric C. Funk, Group VP at Toro Co., reports the acquisition and disposal of common stock and restricted stock units on November 1, 2024.

Summary

• On November 1, 2024, Edric C. Funk, Group VP at Toro Co., reported transactions involving Toro Co. common stock and restricted stock units.
• Funk acquired 755.241 shares of common stock through the vesting of restricted stock units at a price of $81.5 per share.
• Funk also disposed of 434 shares of common stock to cover tax obligations related to the vesting of the restricted stock units, also at $81.5 per share.
• Following these transactions, Funk directly owns 321.241 shares of common stock and 756.271 restricted stock units.
• Funk also indirectly owns 4,856.334 shares of common stock through The Toro Company Retirement Plan and 1,062.256 performance share units through The Toro Company Deferred Compensation Plan for Officers.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.

Key Dates