Form 4: Toro Co. Executive Jason P. Baab Reports Stock Transactions
SEC Form 4 Filing
Jason P. Baab, VP of Strategy, Corp Dev & Sust at Toro Co., reports acquisition and disposal of common stock and restricted stock units on July 31, 2024.
Summary
- On July 31, 2024, Jason P. Baab, VP of Strategy, Corp Dev & Sust at Toro Co., engaged in transactions involving Toro Co. common stock and restricted stock units.
- Baab acquired 2,665.743 shares of common stock through the vesting of restricted stock units at a price of $95.73.
- Concurrently, Baab disposed of 2,665.743 shares related to the vesting of restricted stock units.
- Baab also disposed of 816 shares of common stock to cover tax obligations at a price of $95.73.
- Following these transactions, Baab directly owns 1,849.743 shares of common stock.
- Baab indirectly owns 1.003 shares through The Toro Company Retirement Plan.
- Baab directly owns 5,332.503 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.
Key Dates
| Date | Description |
|---|---|
| 07/31/2023 | Grant date of the restricted stock units that vest in three equal annual installments commencing on the first anniversary of this date. |
| 07/31/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 08/02/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.