TTC.NYSEToro CO

Form 4: Toro Co. Executive Margeaux King Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Margeaux King, VP of Human Resources at Toro Co., reports the vesting and disposal of restricted stock units and related tax withholding.

Summary

  • On August 1, 2024, Margeaux King, VP of Human Resources at Toro Co. (TTC), reported transactions involving common stock and restricted stock units.
  • 4,229.762 restricted stock units vested and were converted into common stock.
  • A portion of the shares (1,929) were disposed of to cover tax obligations at a price of $93.17 per share.
  • Following these transactions, King directly owns 5,188.702 shares of common stock and indirectly owns 1.019 shares through The Toro Company Retirement Plan.
  • She also directly owns 4,229.759 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
  • The transactions do not have a material impact on employees, customers, suppliers or creditors.

Key Dates

DateDescription
08/01/2023First anniversary of the date of grant for the restricted stock units, when the first of three equal annual installments vest.
08/01/2024Date of the reported transactions: vesting of restricted stock units and disposal of shares for tax obligations.
08/02/2024Date of signature on the Form 4 filing.

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