Toro (TTC) Insider Report: Options and Share Trades by VP Amy Dahl

Rhea-AI Filing Summary

A Toro Company (TTC) Form 4 filed for Amy E. Dahl reports multiple transactions on 09/17/2025 showing both acquisitions and dispositions of common stock and the grant/exercise-status of stock options. The filing lists three non-qualified stock option grants exercisable for 17,200; 16,600; and 13,200 shares with exercise prices of $38.82, $56.54, and $65.93, respectively, and notes those options currently result in 0 underlying shares held following reported transactions. On the same date the report records several open-market or plan transactions: acquisitions of 17,200, 16,600, and 13,200 shares at the prices above, and dispositions of 11,589, 13,207, and 11,576 shares at $80.15. The filing also shows 4,175.082 shares held indirectly via the Retirement Plan and 18,777.125 performance share units noted as disposed. The report was signed by an attorney-in-fact on 09/18/2025.

Insights

Securities Analyst

TL;DR: Multiple simultaneous acquisitions, dispositions, and option entries on 09/17/2025 are routine compensation and plan activity rather than a clear directional signal.

The Form 4 details a mix of option-related transactions and share movements by Amy E. Dahl, Vice President, International. Three non-qualified stock options with exercise prices of $38.82, $56.54, and $65.93 are noted with vesting schedules described in the explanations. The filing also records several share purchases and sales on the same date, including dispositions at $80.15. The report discloses indirect holdings of 4,175.082 shares via the Retirement Plan and 18,777.125 performance share units referenced as disposed. For investors, these are material only as transparency of insider activity; the mix of buys, sells, and plan-share movements suggests standard compensation and plan mechanics rather than a single strategic change.

Corporate Governance Expert

TL;DR: Filing documents standard executive equity awards, vesting terms, and plan transactions; disclosures appear complete and compliant.

The Form 4 provides required Section 16 disclosure for an officer, listing option grants and their vesting schedules and describing share movements from retirement and deferred compensation plans. The explanation section specifies the source of indirect holdings: regular and matching retirement contributions and dividend reinvestment. Vesting commencement dates for the three option grants are explicitly stated. The signature by an attorney-in-fact is included. From a governance standpoint, the filing contains the expected level of detail for executive equity activity and fulfills reporting obligations.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DAHL AMY E

(Last) (First) (Middle)

8111 LYNDALE AVENUE SOUTH

(Street)

BLOOMINGTON MN 55420

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, International

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/17/2025		M		17,200	A	$38.82	37,908.261	D
Common Stock	09/17/2025		F		11,589	D	$80.15	26,319.261	D
Common Stock	09/17/2025		M		16,600	A	$56.54	42,919.261	D
Common Stock	09/17/2025		F		13,207	D	$80.15	29,712.261	D
Common Stock	09/17/2025		M		13,200	A	$65.93	42,912.261	D
Common Stock	09/17/2025		F		11,576	D	$80.15	31,336.261	D
Common Stock								4,175.082(1)	I	The Toro Company Retirement Plan
Performance Share Units								18,777.125(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option	$38.82	09/17/2025		M			17,200	(3)	12/04/2025	Common Stock	17,200	$0	0	D
Non-Qualified Stock Option	$56.54	09/17/2025		M			16,600	(4)	12/09/2026	Common Stock	16,600	$0	0	D
Non-Qualified Stock Option	$65.93	09/17/2025		M			13,200	(5)	12/08/2027	Common Stock	13,200	$0	0	D

Explanation of Responses:

1. Includes the following shares of common stock acquired by the reporting person since the date of her last report: 61.352 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan ("Retirement Plan"); and 63.274 net shares acquired under the dividend reinvestment feature of the Retirement Plan less quarterly non-discretionary administrative fees.

2. Includes 287.124 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.

3. The option vests in three equal annual installments commencing on the first anniversary of the date of grant, which was December 4, 2015.

4. The option vests in three equal annual installments commencing on the first anniversary of the date of grant, which was December 9, 2016.

5. The option vests in three equal annual installments commencing on the first anniversary of the date of grant, which was December 8, 2017.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	09/18/2025
	** 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 4 (b)(v).
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FAQ

What transactions did Amy E. Dahl report on the Form 4 for TTC?

Amy E. Dahl reported acquisitions and dispositions on 09/17/2025, including acquisitions of 17,200; 16,600; and 13,200 shares and dispositions of 11,589; 13,207; and 11,576 shares.

Were any stock options disclosed in the TTC Form 4 and what are their terms?

Yes. Three non-qualified stock options were reported exercisable for 17,200; 16,600; and 13,200 shares with exercise prices of $38.82, $56.54, and $65.93, respectively, and vesting in three equal annual installments beginning on the specified anniversary dates.

Does the filing show any indirect holdings for the reporting person?

Yes. The filing shows 4,175.082 shares held indirectly through The Toro Company Retirement Plan and references 18,777.125 performance share units under the Deferred Compensation Plan.

At what price were the disposals reported in the Form 4?

Dispositions were reported at $80.15 per share for the specified disposed lots on 09/17/2025.

Who signed the Form 4 and when was it filed?

The form was signed by Joanna M. Totsky, Attorney-in-Fact, on 09/18/2025.