Form 4 for TTC TORO CO

Accepted 2021-12-17 00:00:00 ET · period of report 2021-12-15 · accession 0001127602-21-031241 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-12-17	2021-12-15	TTC	Olson Richard M	COB, CEO, Dir	A - Grant	$0.00	+23.7K	124.0K	+24%	$0
D	2021-12-17	2021-12-16	TTC	Olson Richard M	COB, CEO, Dir	A - Grant	$0.00	+109.1K	109.1K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Performance Share Units	2021-12-15	A	A	23,685	$0.00	124,036.37	D	—	—	(F1) Represents the payout of a Performance Share Award for the Fiscal 2019 to Fiscal 2021 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the Issuer's Compensation & Human Resources Committee of its Board of Directors on December 14, 2021, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2021 financial results that were released on December 15, 2021. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan. (F2) Includes 732.018 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
2	Derivative	Non-Qualified Stock Option	2021-12-16	A	A	109,100	$0.00	109,100	D	$99.34 · — to 2031-12-16	109,100 Common Stock	(F4) The option vests in three equal annual installments commencing on the first anniversary of the date of grant.