Form 4: Toro VP Acquires Shares, Options, and RSUs

Joanna M. Totsky, VP, General Counsel, and Corporate Secretary of The Toro Co., reported the acquisition of common stock, restricted stock units, and non-qualified stock options.

Summary

• Joanna M. Totsky, VP, General Counsel & Corporate Secretary of The Toro Co. (TTC), reported changes in her beneficial ownership.
• Direct ownership of Common Stock increased by 5,028.95 shares.
• Indirect ownership of Common Stock through The Toro Company Retirement Plan is 1.028 shares.
• Acquired 2,703 Restricted Stock Units (RSUs) on December 22, 2025, which vest in three equal annual installments starting December 22, 2026.
• Acquired 7,674 Non-Qualified Stock Options on December 22, 2025, with an exercise price of $78.47, vesting in three equal annual installments starting December 22, 2026, and expiring on December 22, 2035.
• Beneficially owns 4,818.652 Restricted Stock Units from a June 20, 2023 grant, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The acquisition of additional equity and options by a key executive suggests confidence in the company's future performance and aligns management's interests with shareholders, which is generally viewed positively.

Positives

• A key executive's acquisition of additional equity and options demonstrates confidence in the company's future performance.
• Increased insider ownership aligns management's financial interests more closely with those of shareholders.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's financial performance or strategic direction, focusing solely on executive compensation and ownership changes.

Industry Context

This Form 4 filing reflects routine executive compensation and ownership changes, which are common across publicly traded companies in all industries as a mechanism to align executive incentives with shareholder value. It does not provide specific insights into broader industry trends for the landscaping and outdoor power equipment sector.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through direct equity ownership and performance-based incentives.
• Employees: No direct impact on general employees is indicated by this filing, though executive compensation structures can indirectly influence company culture and morale.

Next Steps

• The Restricted Stock Units granted on December 22, 2025, will vest in three equal annual installments commencing on December 22, 2026.
• The Non-Qualified Stock Options granted on December 22, 2025, will vest in three equal annual installments commencing on December 22, 2026.
• The Restricted Stock Units granted on June 20, 2023, will continue to vest in three equal annual installments commencing on the first anniversary of the grant date.

Key Dates

Keywords

Toro Co, TTC, Insider Trading, Form 4, Beneficial Ownership, Restricted Stock Units, Stock Options, Executive Compensation