Toro Co executive exercises RSUs, updates stake
Toro Co executive Joanna M. Totsky, VP, GC & Corporate Secretary, converted 20.3050 restricted stock units into common stock on 2026-07-13 at $93.3300 per share.
Rhea-AI Filing Summary
Toro Co executive Joanna M. Totsky, VP, GC & Corporate Secretary, converted 20.3050 restricted stock units into common stock on 2026-07-13 at $93.3300 per share. 6.0000 shares were withheld to satisfy tax obligations, leaving 7734.2910 common shares held directly.
She also reports 2725.1250 restricted stock units outstanding, each representing a right to receive one share of Toro common stock. Footnotes state that restricted stock units and related dividend equivalents vest in three equal annual installments commencing on the first anniversaries of June 20, 2023 and December 22, 2025 grant dates. In addition, 1.0400 shares are held indirectly through The Toro Company Retirement Plan, including 0.0040 shares acquired via its dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
20.305 shares exercised/converted
Exercise
5 txns
Insider
Totsky Joanna M.
Role
VP, GC & Corp Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 20.305 | $0.00 | $0.00 |
| Exercise | Common Stock | 20.305 | $93.33 | $2K |
| Exercise Price or Tax Liability | Common Stock | 6 | $93.33 | $559.98 |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,725.125 contracts (Direct);
Common Stock — 7,734.291 shares (Direct);
Common Stock — 1.04 shares (Indirect, The Toro Company Retirement Plan)
Footnotes (4)
- F1. Includes 0.004 shares of common stock acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan since the date of her last report.
- 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 June 20, 2023 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
RSUs converted to common stock: 20.3050 shares
Shares withheld for taxes: 6.0000 shares
Direct common shares after transactions: 7734.2910 shares
+3 more
6 metrics
RSUs converted to common stock
20.3050 shares
Restricted Stock Units exercised into Toro Co common stock on 2026-07-13
Shares withheld for taxes
6.0000 shares
Common shares delivered to cover tax obligations at $93.3300 on 2026-07-13
Direct common shares after transactions
7734.2910 shares
Direct holdings of Toro Co common stock following 2026-07-13 transactions
RSUs outstanding
2725.1250 units
Restricted Stock Units held directly representing an equal number of common shares
Indirect retirement plan shares
1.0400 shares
Common stock held through The Toro Company Retirement Plan
Transaction share price
$93.3300 per share
Price used for RSU conversion and tax-withholding entries on 2026-07-13
Key Terms
Restricted Stock Units, dividend reinvestment feature, derivative security
3 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
"Shares acquired under the dividend reinvestment feature of the Retirement Plan"
derivative security financial
"Transaction code M described as exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Toro Co (TTC) executive Joanna M. Totsky report in this Form 4?
Joanna M. Totsky reported converting 20.3050 restricted stock units into Toro Co common stock on 2026-07-13 at $93.3300 per share. Of those shares, 6.0000 were withheld to cover tax obligations, and her direct and indirect holdings were updated accordingly.
What restricted stock unit (RSU) position does Joanna M. Totsky report in Toro Co (TTC)?
Joanna M. Totsky reports holding 2725.1250 restricted stock units directly, each representing a contingent right to receive one share of Toro Co common stock. These RSUs remain outstanding after the 20.3050-unit conversion disclosed in the Form 4.
How are Joanna M. Totsky’s Toro Co (TTC) restricted stock units scheduled to vest?
Footnotes state that restricted stock units and related dividend equivalents vest in three equal annual installments. Vesting commences on the first anniversaries of the June 20, 2023 grant date and the December 22, 2025 grant date for the respective RSU awards.
What indirect Toro Co (TTC) holdings does Joanna M. Totsky report?
She reports 1.0400 Toro Co common shares held indirectly through The Toro Company Retirement Plan. This amount includes 0.0040 shares acquired since her last report via the plan’s dividend reinvestment feature, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
