[Form 4] TORO CO Insider Trading Activity
Rhea-AI Filing Summary
The Toro Company group vice president Peter D. Moeller reported a combination of stock option exercises and share sales. He exercised 2,000 non-qualified stock options for common stock at an exercise price of $56.54 per share, then sold a total of 2,000 common shares in several open-market transactions around $93.40–$93.45 per share.
After these transactions, Moeller holds 1,348.249 common shares directly, plus additional indirect holdings through The Toro Company Retirement Plan and the Moeller Family Trust. He also retains a substantial number of restricted stock units and performance share units, which represent contingent rights to receive Toro common stock and have been incrementally increased through dividend reinvestment features.
Positive
- None.
Negative
- None.
Insights
Routine option exercise-and-sell with ongoing equity stake.
Peter D. Moeller exercised 2,000 non-qualified stock options at an exercise price of $56.54 per share and sold 2,000 common shares in multiple open-market trades around $93.40–$93.45. This is a classic exercise-and-sell pattern converting option value into cash.
Following the transactions, he still holds 1,348.249 common shares directly, additional indirect shares through a retirement plan and family trust, and restricted stock units covering 20,804.912 and 2,644.510 underlying shares. These positions show continued equity exposure via both stock and equity awards.
The filing also notes small fractional increases in shares, performance units, and plan holdings from a dividend reinvestment feature, which are mechanical and not discretionary trades. Overall, the activity appears routine and compensation-driven rather than a thesis-changing move.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $56.54 | $113K |
| Sale | Common Stock | 1,320 | $93.40 | $123K |
| Sale | Common Stock | 100 | $93.408 | $9K |
| Sale | Common Stock | 100 | $93.41 | $9K |
| Sale | Common Stock | 480 | $93.45 | $45K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Includes 2.663 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held. Includes 24.941 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held. Includes 16.854 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees. Includes 12.762 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers. The option vests in three equal annual installments commencing on the first anniversary of the December 9, 2016 grant date. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. The restricted stock units vest in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date. The restricted stock units vest in full on October 10, 2028, which is the third anniversary of the date of grant.
