Toro Company (TTC) officer discloses stock gift, RSUs and 7,477-share option
Rhea-AI Filing Summary
The Toro Company officer reports stock grants, options, and a trust transfer. An officer serving as Group VP, Undg, Spec Con & Inl reported a gift of 600 shares of common stock, moving from direct ownership to the Moeller Family Trust. After these transactions, the officer holds 3.073 shares directly and 6,210.307 shares indirectly through the trust, plus 4,175.829 shares in The Toro Company Retirement Plan and 3,162.14 performance share units.
The filing also shows new equity awards on December 22, 2025, including 2,634 restricted stock units that vest in three equal annual installments starting one year after the grant date, and a non-qualified stock option for 7,477 shares at an exercise price of $78.47 per share, also vesting in three equal annual installments beginning on the first anniversary of the grant. Additional restricted stock units totaling 20,632 shares and 946.722 shares are outstanding and vest on previously disclosed schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 600 | $0.00 | -- |
| Gift | Common Stock | 600 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,634 | $0.00 | -- |
| Grant/Award | Non-Qualified Stock Option | 7,477 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of TTC common stock. The restricted stock units vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date. The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date. The restricted stock units vest and become non-forfeitable in full on October 10, 2028, which is the third anniversary of the date of grant. The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the March 1, 2023 grant date.
FAQ
What insider transaction did TTC report in this Form 4?
An officer of The Toro Company (TTC) reported a gift of 600 shares of common stock, moving from direct ownership to the Moeller Family Trust.
What new restricted stock units did The Toro Company officer receive?
On December 22, 2025, the officer received 2,634 restricted stock units, each representing a contingent right to one share of TTC common stock, vesting in three equal annual installments starting on the first anniversary of the grant date.
What stock options were granted to the Toro (TTC) officer?
The officer received a non-qualified stock option for 7,477 shares of TTC common stock with an exercise price of $78.47 per share, vesting in three equal annual installments beginning one year after the December 22, 2025 grant date and expiring on December 22, 2035.
What other equity awards does the Toro officer hold?
In addition to the new grants, the officer holds 20,632 restricted stock units that vest in full on October 10, 2028, and 946.722 restricted stock units (with related dividend equivalents) that vest in three equal annual installments starting on the first anniversary of the March 1, 2023 grant date.
How do the Toro (TTC) restricted stock units vest over time?
The 2,634 new restricted stock units and the 946.722 restricted stock units vest in three equal annual installments beginning one year after their respective grant dates, while 20,632 restricted stock units vest in full on October 10, 2028.