Form 4: Toro Co. Executive Kevin N. Carpenter Reports Stock Transactions

Kevin N. Carpenter, VP of Global Operations & Supply Chain at Toro Co., reported the acquisition and disposal of company stock and restricted stock units.

Summary

• Kevin N. Carpenter, a VP at Toro Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 2, 2024, Carpenter acquired 6,057.674 shares of common stock at a price of $86.50 per share.
• He also disposed of 2,445 shares of common stock at the same price of $86.50 per share.
• Following these transactions, Carpenter directly owns 7,022.81 shares of common stock.
• Additionally, he indirectly owns 1.031 shares through The Toro Company Retirement Plan.
• Carpenter also holds 7,021.725 restricted stock units, which will vest on January 23, 2027.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is consistent with typical executive stock transactions.
• The vesting period of the restricted stock units is a common practice for executive compensation packages.

Stakeholder Impact

• The stock transactions may have a minor impact on the overall share price, but are not expected to be significant.

Key Dates

Keywords

Toro Co, stock transaction, Form 4, insider trading, restricted stock units, beneficial ownership, executive compensation