Toro exec exercises 6,247.539 RSUs at $99.15
Toro’s President & COO exercised equity awards and had shares withheld for taxes or exercise costs, with significant RSUs, PSUs and retirement plan holdings remaining.
Rhea-AI Filing Summary
TORO CO (TTC) reports that President & COO Edric C. Funk exercised 6,247.539 restricted stock units into the same number of shares of common stock on September 2, 2026 at a reported value of $99.15 per share. Of these, 2,849 shares were delivered or withheld for payment of exercise price or tax liability. He continues to hold equity awards and shares, including 5,591.398 restricted stock units, 2,123.859 performance share units, and 6,349.18 shares held indirectly through The Toro Company Retirement Plan. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,247.539 shares exercised/converted
Exercise
6 txns
Insider
Funk Edric C
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4 | 6,247.539 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,247.539 | $99.15 | $619K |
| Exercise Price or Tax Liability | Common Stock | 2,849 | $99.15 | $282K |
| holding | Restricted Stock Units F3, F5 | -- | -- | -- |
| holding | Performance Share Units F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 18,087.494 contracts for 5,591.398 underlying shares (Direct);
Common Stock — 3,398.539 shares (Direct);
Performance Share Units — 2,123.859 shares (Direct);
Common Stock — 6,349.18 shares (Indirect, TTC Retirement Plan)
Footnotes (5)
- F1. Includes 8.765 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.
- F2. Includes 52.393 net shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan (the "Retirement Plan") and shares acquired under the dividend reinvestment feature of the Retirement Plan less quarterly non-discretionary administrative fees.
- F3. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
- F4. 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.
- F5. 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
Restricted stock units exercised: 6,247.539 units
Reported common stock value: $99.15 per share
Shares delivered or withheld for exercise price or tax liability: 2,849 shares
+3 more
6 metrics
Restricted stock units exercised
6,247.539 units
Converted into the same number of Toro common shares on September 2, 2026
Reported common stock value
$99.15 per share
Value reported for common stock received and shares delivered/withheld on September 2, 2026
Shares delivered or withheld for exercise price or tax liability
2,849 shares
Common shares used to pay exercise price or tax liability on September 2, 2026
Remaining restricted stock units
5,591.398 units
Direct RSU position after transactions, each unit equal to one Toro common share
Performance share units held
2,123.859 units
Direct PSUs held, including 8.765 units from dividend reinvestment in the Deferred Compensation Plan
Indirect common stock holdings
6,349.18 shares
Toro common shares held indirectly through The Toro Company Retirement Plan
Key Terms
Restricted Stock Units, Performance Share Units, dividend reinvestment feature, Deferred Compensation 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 reinvestment feature financial
"acquired ... under the dividend reinvestment feature of The Toro Company"
Deferred Compensation Plan financial
"The Toro Company Deferred Compensation Plan for Officers"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
matching contributions financial
"net shares acquired through regular individual and issuer matching contributions"
FAQ
What equity transaction did TTC executive Edric C. Funk report on this Form 4?
Edric C. Funk reported exercising 6,247.539 restricted stock units into an equal number of Toro (TTC) common shares on September 2, 2026, with a reported value of $99.15 per share for the resulting common stock.
What Toro (TTC) restricted stock unit balance does Edric C. Funk still hold?
After the reported transactions, Edric C. Funk is shown with 5,591.398 restricted stock units, each representing a contingent right to receive one share of Toro (TTC) common stock, vesting in installments tied to prior grant dates.
Was the Toro (TTC) Form 4 transaction under a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 checkbox is shown as unchecked, and no footnote indicates that the September 2, 2026 transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
