Toro executive sells 145 shares at $94.36 on Sep 8
Toro’s President & COO reported a small open-market sale while retaining equity through direct holdings, retirement plan shares, and stock-based awards.
Rhea-AI Filing Summary
TORO CO (TTC) director and President & COO Edric C. Funk reported selling 145 shares of common stock on September 8, 2026 at $94.36 per share in an open-market or private transaction, leaving 3,253.539 shares of common stock held directly afterward.
He also reports 6,353.851 shares of common stock held indirectly through The Toro Company Retirement Plan, plus performance and restricted stock units representing additional contingent rights to receive common stock, including units linked to 12,496.096 and 5,591.398 underlying shares that vest in three annual installments. No Rule 10b5‑1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 145 shares
Net Sell
5 txns
Insider
Funk Edric C
Role
President & COO
Sold
145 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 145 | $94.36 | $14K |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,253.539 shares (Direct);
Restricted Stock Units — 18,087.494 contracts (Direct);
Common Stock — 6,353.851 shares (Indirect, TTC Retirement Plan);
Performance Share Units — 2,123.859 shares (Direct)
Footnotes (4)
- F1. Includes 4.671 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan.
- F2. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
- F3. The restricted stock units and related dividend equivalents vest in three equal annual installments commencing on the first anniversary of the September 2, 2025 grant date.
- F4. The restricted stock units and related dividend equivalents vest in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date.
Key Figures
Shares sold: 145 shares
Sale price per share: $94.36 per share
Direct common shares after sale: 3,253.539 shares
+4 more
7 metrics
Shares sold
145 shares
Common stock sale reported for September 8, 2026
Sale price per share
$94.36 per share
Price for the 145 common shares sold on September 8, 2026
Direct common shares after sale
3,253.539 shares
Direct Toro common stock holdings following the reported sale
Indirect retirement plan shares
6,353.851 shares
Common stock held indirectly through The Toro Company Retirement Plan
Restricted Stock Units underlying shares (grant 1)
12,496.096 shares
Common shares underlying one block of Restricted Stock Units
Restricted Stock Units underlying shares (grant 2)
5,591.398 shares
Common shares underlying a second block of Restricted Stock Units
Performance Share Units balance
2,123.859 units
Reported Performance Share Units outstanding as of September 8, 2026
Key Terms
Restricted Stock Units, Performance Share Units, dividend equivalents, The Toro Company Retirement Plan, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"The restricted stock units and related dividend equivalents vest in three equal annual installments"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
The Toro Company Retirement Plan financial
"Includes 4.671 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan"
Rule 10b5-1 regulatory
"No Rule 10b5‑1 trading plan is indicated for the reported sale"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did TORO CO (TTC) executive Edric C. Funk report on this Form 4?
He reported selling 145 shares of Toro common stock on September 8, 2026 at $94.36 per share, and disclosed his remaining direct, indirect, and stock-based award holdings in Toro equity.
What are Edric C. Funk’s direct TTC common stock holdings after the sale?
After the reported sale, Edric C. Funk directly holds 3,253.539 shares of Toro common stock, according to the Form 4 disclosure for September 8, 2026.
What Restricted Stock Units linked to TTC common stock does Edric C. Funk report?
He reports Restricted Stock Units tied to 12,496.096 and 5,591.398 underlying Toro common shares. Each unit represents a contingent right to one share, vesting in three equal annual installments starting one year after the respective 2025 grant dates.
Does this TTC Form 4 indicate use of a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5‑1 plan affirmation box is not checked, and there is no footnote stating that the September 8, 2026 sale was made under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
