Form 4: Toro COO Edric Funk Reports Equity Awards

Toro Co's President & COO, Edric C. Funk, reported new grants of restricted stock units and non-qualified stock options, alongside existing equity holdings.

Summary

• Edric C. Funk, President & COO of The Toro Company (TTC), reported changes in beneficial ownership.
• Acquired 5,546 Restricted Stock Units (RSUs) on December 22, 2025, which vest in three equal annual installments commencing on December 22, 2026.
• Acquired 15,741 Non-Qualified Stock Options on December 22, 2025, with an exercise price of $78.47. These options vest in three equal annual installments commencing on December 22, 2026, and expire on December 22, 2035.
• Beneficially owns 6,101.101 shares of Common Stock indirectly through the TTC Retirement Plan.
• Beneficially owns 856.051 shares of Common Stock directly.
• Beneficially owns 280 shares of Common Stock indirectly through a Health Savings Account.
• Beneficially owns 245.344 shares of Common Stock indirectly through a Roth IRA.
• Beneficially owns 2,100.121 Performance Share Units directly.
• Beneficially owns 18,510.504 Restricted Stock Units directly, which vest in three equal annual installments commencing on the first anniversary of the September 2, 2025 grant date.

Sentiment

Score: 6

Explanation: Slightly positive due to the grant of equity awards to a key executive, which typically aligns management incentives with shareholder value. No negative information is present.

Positives

• Grant of 5,546 Restricted Stock Units aligns executive interests with shareholder value.
• Grant of 15,741 Non-Qualified Stock Options provides incentive for long-term performance.
• Significant existing beneficial ownership across various accounts demonstrates management's vested interest in the company.

Future Outlook

The vesting schedules for the newly granted Restricted Stock Units and Non-Qualified Stock Options extend through December 2028 and December 2035, respectively, indicating a long-term incentive structure for the President & COO.

Industry Context

This filing is a routine disclosure of executive equity compensation, common across publicly traded companies to align management incentives with shareholder interests. It does not provide broader industry context.

Stakeholder Impact

• Shareholders: The equity grants align the President & COO's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved executive motivation.
• Employees: No direct impact on general employees is indicated.

Next Steps

• Vesting of 5,546 Restricted Stock Units in three equal annual installments starting December 22, 2026.
• Vesting of 15,741 Non-Qualified Stock Options in three equal annual installments starting December 22, 2026.
• Continued vesting of 18,510.504 Restricted Stock Units in three equal annual installments starting September 2, 2026.

Key Dates

Keywords

Toro Co, TTC, Edric C. Funk, Insider Transaction, Form 4, Restricted Stock Units, Stock Options, Equity Compensation, Beneficial Ownership, Executive Compensation