Toro (TTC) Exec Janey Gregory Reports Option Exercises and Share Sales
Rhea-AI Filing Summary
Janey Gregory S, Group VP, Landscapes & Contract for The Toro Company (TTC), reported multiple transactions dated 09/18/2025. The filing shows purchases of 1,940 common shares via option exercises at $38.82 per share and dispositions of 1,248 shares at about $80.03 and $80.02 per share. Post-transaction beneficial ownership figures on the form include positions reported as 5,538.669, 4,290.669, 6,230.669, and 4,982.669 shares in various lines, plus 2,195.446 shares held indirectly and 6,398.101 shares tied to performance share units. The form also discloses non-qualified stock options tied to 1,940 underlying shares and 767.953 restricted stock units that convert to common shares when vested.
Positive
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Negative
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Insights
TL;DR: Insider exercised options and sold some shares, leaving mixed changes in direct and indirect holdings.
The Form 4 documents simultaneous option exercises (1,940 shares at $38.82) and open-market dispositions (1,248 shares at ~ $80.03 and $80.02). Reported totals show both increases and decreases across different reporting lines, reflecting exercises, sales, and holdings in retirement and deferred compensation plans. The presence of vested and unvested restricted stock units (767.953) and performance share units (6,398.101) indicates a material portion of compensation remains equity-linked. This filing is routine disclosure of executive compensation-related transactions rather than a standalone signal of company performance.
TL;DR: Transactions align with compensation vesting and option exercise schedules; disclosure appears complete.
The report specifies vesting schedules for options and restricted stock units and notes dividend reinvestment adjustments to share counts. Indirect holdings through the company retirement plan and deferred compensation are disclosed separately. The filing includes an Attorney-in-Fact signature, indicating proper execution. No regulatory exceptions or unexplained ledger anomalies are presented in the document.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option | 1,940 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option | 1,940 | $0.00 | -- |
| Exercise | Common Stock | 1,940 | $38.82 | $75K |
| Tax Withholding | Common Stock | 1,248 | $80.03 | $100K |
| Exercise | Common Stock | 1,940 | $38.82 | $75K |
| Tax Withholding | Common Stock | 1,248 | $80.02 | $100K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Footnotes (1)
- Includes 6.160 shares 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 33.526 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 non-discretionary quarterly administrative fees. Includes 97.834 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 4, 2015 grant date. The option vests in three equal annual installments commencing on the first anniversary of the grant date, December 4, 2015. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. 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 November 1, 2022 grant date.
