Toro VP Grant Young converts stock grants into shares

The restricted stock units and related dividend equivalents vest in three equal annual installments beginning on the first anniversary of October 10, 2025.

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Rhea-AI Filing Summary

The Toro Company (TTC) VP, Golf, Grounds & Irrigation Grant Young reported converting 1,160.434 restricted stock units into common shares on October 12, 2026; 2,320.866 restricted stock units remained afterward. He also reported 533 common shares delivered or withheld for payment of exercise price or tax liability, at a reported $96.65 per share. His reported positions included 2,543.793 performance share units directly and 2,584.866 common shares indirectly through The Toro Company Retirement Plan.

Insider Trade Summary

1,160.434 shares exercised/converted

Exercise 5 txns

Insider Young Grant

Role VP, Golf, Grounds & Irrigation

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F3, F4}	1,160.434	$0.00	$0.00
Exercise	Common Stock	1,160.434	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	533	$96.65	$52K
holding	Common Stock ^F1	--	--	--
holding	Performance Share Units ^F2	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,320.866 contracts (Direct); Common Stock — 2,509.268 shares (Direct); Common Stock — 2,584.866 shares (Indirect, The Toro Company Retirement Plan); Performance Share Units — 2,543.793 shares (Direct)

Footnotes (4)

F1. Includes 32.144 net shares acquired by the reporting person since the date of the reporting person's last report under the dividend reinvestment feature of The Toro Company Retirement Plan less non-discretionary quarterly administrative fees.
F2. Includes 30.523 performance share units acquired by the reporting person since the date of the reporting person's last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
F3. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
F4. The restricted stock units vest and related dividend equivalents vest and the underlying vested shares become issuable in three equal annual installments commencing on the first anniversary of the October 10, 2025.

Key Figures

Restricted stock units converted: 1,160.434 units Restricted stock units following transaction: 2,320.866 units Shares delivered or withheld: 533 shares +3 more

6 metrics

Restricted stock units converted 1,160.434 units October 12, 2026; converted into 1,160.434 common shares

Restricted stock units following transaction 2,320.866 units Reported after the October 12, 2026 transaction

Shares delivered or withheld 533 shares For payment of exercise price or tax liability on October 12, 2026

Reported per-share price for delivered or withheld shares $96.65 per share October 12, 2026

Performance share units held directly 2,543.793 units Reported following the October 12, 2026 transactions

Common shares held indirectly through The Toro Company Retirement Plan 2,584.866 shares Reported following the October 12, 2026 transactions

Key Terms

restricted stock units, dividend equivalents, dividend reinvestment feature, Performance Share Units

4 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

"related dividend equivalents vest"

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.

dividend reinvestment feature financial

"under the dividend reinvestment feature of The Toro Company Retirement Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stock transactions did TTC VP Grant Young report?

Grant Young, VP, Golf, Grounds & Irrigation at The Toro Company, reported converting 1,160.434 restricted stock units into 1,160.434 common shares on October 12, 2026. He also reported 533 common shares delivered or withheld for payment of exercise price or tax liability, at a reported $96.65 per share.

How do Grant Young’s TTC restricted stock units vest?

Each restricted stock unit represents a contingent right to receive one share of TTC common stock. The units and related dividend equivalents vest in three equal annual installments, commencing on the first anniversary of October 10, 2025; underlying vested shares become issuable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/13/2026 - 04:53 PM EDT Accepted by SEC EDGAR 10/13/2026 - 04:53 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Young Grant

(Last)

(First)

(Middle)

8111 LYNDALE AVENUE SOUTH

(Street)

BLOOMINGTON

MINNESOTA

55420

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TORO CO [ TTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP, Golf, Grounds & Irrigation

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/12/2026		M		1,160.434	A	$0	3,042.268	D
Common Stock	10/12/2026		F		533	D	$96.65	2,509.268	D
Common Stock								2,584.866⁽¹⁾	I	The Toro Company Retirement Plan
Performance Share Units								2,543.793⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽³⁾	10/12/2026		M			1,160.434	⁽⁴⁾	⁽⁴⁾	Common Stock	1,160.434	$0	2,320.866	D

Explanation of Responses:

1. Includes 32.144 net shares acquired by the reporting person since the date of the reporting person's last report under the dividend reinvestment feature of The Toro Company Retirement Plan less non-discretionary quarterly administrative fees.

2. Includes 30.523 performance share units acquired by the reporting person since the date of the reporting person's last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.

3. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.

4. The restricted stock units vest and related dividend equivalents vest and the underlying vested shares become issuable in three equal annual installments commencing on the first anniversary of the October 10, 2025.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	10/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR