Form 4: Toro Executive Reports Stock Gifts and Equity Grants

Peter D. Moeller, Group VP at Toro Co., reported gifting common stock and receiving new equity awards including restricted stock units and stock options.

Summary

• Peter D. Moeller, Group VP, Underground, Specialty Construction & International at The Toro Company (TTC), reported changes in beneficial ownership.
• On December 23, 2025, Moeller disposed of 600 shares of Common Stock directly and acquired 600 shares indirectly, both at a price of $0, indicating a gift transaction.
• Following these transactions, direct beneficial ownership of Common Stock is 3.073 shares, with indirect ownership of 6,210.307 shares through the Moeller Family Trust and 4,175.829 shares through The Toro Company Retirement Plan.
• Moeller also holds 3,162.14 Performance Share Units directly.
• On December 22, 2025, Moeller was granted 2,634 Restricted Stock Units (RSUs) which vest in three equal annual installments commencing on the first anniversary of the grant date.
• Additionally, on December 22, 2025, Moeller was granted 7,477 Non-Qualified Stock Options with an exercise price of $78.47, vesting in three equal annual installments commencing on the first anniversary of the grant date, and expiring on December 22, 2035.
• Existing holdings include 20,632 Restricted Stock Units vesting in full on October 10, 2028, and 946.722 Restricted Stock Units (with related dividend equivalents) vesting in three equal annual installments commencing on the first anniversary of the March 1, 2023 grant date.

Sentiment

Score: 7

Explanation: The filing reports routine insider transactions, including new equity grants which align executive interests with shareholders, balanced by a stock gift. This is generally a neutral to slightly positive event for investor confidence.

Positives

• Acquisition of 2,634 Restricted Stock Units and 7,477 Non-Qualified Stock Options aligns executive compensation with future company performance.
• The new equity grants demonstrate continued commitment and incentive for the Group VP.

Negatives

• Disposal of 600 shares of Common Stock via gift reduces direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• A gift of 600 shares of Common Stock was made, resulting in an indirect beneficial ownership increase for the Moeller Family Trust.

Stakeholder Impact

• Shareholders: The new equity grants align the executive's interests with shareholder value creation through performance-based compensation.
• Executive (Peter D. Moeller): Changes in personal equity holdings and long-term incentive compensation structure.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, including equity grants and a stock gift, which do not fundamentally alter the investment thesis for Toro Co. It primarily reflects executive compensation and personal financial planning, and as such, does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

Toro Co, TTC, SEC Form 4, Insider Trading, Stock Options, Restricted Stock Units, Equity Compensation, Executive Compensation, Peter Moeller