[Form 3] TORO CO Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Toro Co. reported an initial Form 3 showing that Grant M. Young began serving as Group Vice President of Golf, Grounds & Irrigation on 09/29/2025 and beneficially owns 2,236.087 performance share units plus 1,881.834 shares directly and 2,540.023 shares indirectly through the TTC Retirement Plan, totaling 6,657.944 shares/units. The filing notes the report was submitted under the issuer's CIK because the reporting person’s CIK is not yet available; a new Form 3 will be filed when it is.

Positive

• Officer appointment disclosed with clear start date 09/29/2025
• Total beneficial ownership disclosed as 6,657.944 shares/units
• Ownership breakdown provided among performance share units, direct shares, and retirement-plan indirect shares

Negative

• None.

Insights

Corporate Governance Analyst

New officer appointment disclosed with ~6,658 shares/units reported.

The filing documents Grant M. Young starting as Group Vice President on 09/29/2025 and records his direct and indirect beneficial ownership totaling 6,657.944 shares/units. The ownership mix includes performance share units, direct common stock, and indirect holdings via the TTC Retirement Plan, showing both compensation-linked and plan-based holdings.

Filing under the issuer's CIK is temporary; a corrected Form 3 will follow when the reporting person’s CIK is issued. Investors can watch for that refiled Form 3 to confirm the same holdings under the individual CIK, typically a short administrative update.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

TORO CO

(Last) (First) (Middle)

8111 LYNDALE AVENUE SOUTH

(Street)

BLOOMINGTON MN 55420

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/29/2025

3. Issuer Name and Ticker or Trading Symbol
TORO CO [ TTC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Golf, Grounds & Irr.

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Performance Share Units	2,236.087	D
Common Stock	1,881.834	D
Common Stock	2,540.023	I	TTC Retirement Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

On September 29, 2025 Grant M. Young began serving as Group Vice President of Golf, Grounds & Irrigation. Mr. Young's CIK EDGAR code has not yet been received; therefore, this form 3 report is being filed under TTC's CIK EDGAR code. A new form 3 will be filed using the reporting person's CIK EDGAR code once it becomes available.

	/s/ Joanna M. Totsky, Attorney-in-Fact	10/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Grant M. Young report on the Form 3 for TTC?

He reported 2,236.087 performance share units, 1,881.834 direct common shares, and 2,540.023 indirect shares via the TTC Retirement Plan, totaling 6,657.944 shares/units.

When did Grant M. Young begin his role at Toro (TTC)?

The filing states he began serving as Group Vice President of Golf, Grounds & Irrigation on 09/29/2025.

Why was the Form 3 filed under Toro's CIK rather than the individual's?

The report explains the reporting person’s CIK was not yet available, so the Form 3 was filed under TTC's CIK; a new Form 3 will be filed when the individual CIK is issued.

Does the Form 3 show any derivative securities for Grant M. Young?

No derivative securities (options, warrants, convertible securities) are listed in the derivative section of the filing.

Who signed the Form 3 and when was it signed?

The form was signed by Joanna M. Totsky, Attorney-in-Fact, on 10/08/2025.