Form 4: Toro Director Hansotia Boosts Equity Holdings

Toro Company director Eric P. Hansotia acquired common stock and non-qualified stock options as part of his annual compensation.

Summary

• Eric P. Hansotia, a Director of The Toro Company (TTC), acquired 1,235 shares of common stock at a price of $74.21 per share on November 3, 2025.
• This stock acquisition was an annual award for his service as a non-employee director, issued under The Toro Company 2022 Equity and Incentive Plan.
• Hansotia also received an annual grant of 2,266 non-qualified stock options on November 3, 2025, with an exercise price of $74.21 per option.
• These options will vest in three equal annual installments, commencing on the first anniversary of the grant date, November 3, 2025.
• Following these transactions, Hansotia directly beneficially owns 2,336 shares of common stock and 2,266 non-qualified stock options.
• Additionally, 1,882 shares of common stock are indirectly beneficially owned through The Nicole Hansotia Family Trust.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director is increasing their equity stake in the company through routine compensation, aligning their interests with shareholders. This is a standard, expected transaction.

Positives

• The acquisition of common stock and options by a director indicates increased alignment of management's interests with those of shareholders.
• The transactions are part of a structured annual compensation plan, reflecting ongoing commitment to director incentives.

Future Outlook

The non-qualified stock options granted will vest in three equal annual installments, with the first vesting occurring on November 3, 2026, aligning future incentives with long-term company performance.

Industry Context

NA

Corporate Governance

Related Party Transactions

• Eric P. Hansotia indirectly beneficially owns 1,882 shares of common stock through The Nicole Hansotia Family Trust.

Stakeholder Impact

• Shareholders: Increased alignment of a director's financial interests with shareholder value due to increased equity ownership.
• Management: The compensation structure incentivizes long-term commitment and performance from non-employee directors.

Next Steps

• The non-qualified stock options will begin vesting in three equal annual installments starting November 3, 2026.

Key Dates

Keywords

Toro Company, TTC, Eric Hansotia, Director, Insider Transaction, Form 4, Stock Acquisition, Stock Options, Equity Plan, Compensation