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Toro Company director reports stock and option grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

The Toro Company (TTC) director reported routine equity grants. On 11/03/2025, the director acquired 1,235 shares of common stock at $74.21 and received a non-qualified stock option for 2,266 shares at an exercise price of $74.21.

Following the stock grant, the director beneficially owns 9,348 shares directly. The option expires on 11/03/2035 and vests in three equal annual installments starting on the first anniversary of the grant date. These awards were issued under The Toro Company 2022 Equity and Incentive Plan.

Positive

  • None.

Negative

  • None.
Insider HARMENING JEFFREY L
Role Director
Type Security Shares Price Value
Grant/Award Non-Qualified Stock Option 2,266 $0.00 --
Grant/Award Common Stock 1,235 $74.21 $92K
Holdings After Transaction: Non-Qualified Stock Option — 2,266 shares (Direct); Common Stock — 9,348 shares (Direct)
Footnotes (1)
  1. Annual common stock award for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan. Annual option grant for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan. The option vests in three equal annual installments commencing on the first anniversary of the November 3, 2025 grant date.
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Form 4 Insider Transactions: What Each Field Means →
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*
HARMENING JEFFREY L
(Last) (First) (Middle)
8111 LYNDALE AVENUE SOUTH
(Street)
BLOOMINGTON MN 55420
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TORO CO [ TTC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 11/03/2025 A 1,235(1) A $74.21 9,348 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option $74.21 11/03/2025 A 2,266(2) (3) 11/03/2035 Common Stock 2,266 $0 2,266 D
Explanation of Responses:
1. Annual common stock award for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan.
2. Annual option grant for service as a non-employee director issued under The Toro Company 2022 Equity and Incentive Plan.
3. The option vests in three equal annual installments commencing on the first anniversary of the November 3, 2025 grant date.
Remarks:
/s/ Joanna M. Totsky, Attorney-in-Fact 11/04/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did TTC report in this Form 4?

A director received 1,235 common shares at $74.21 and a non-qualified stock option for 2,266 shares at an exercise price of $74.21 on 11/03/2025.

How many TTC shares does the director own after the transaction?

The director beneficially owns 9,348 shares directly after the reported transactions.

What are the vesting terms of the TTC stock option?

The option vests in three equal annual installments beginning on the first anniversary of the November 3, 2025 grant date.

When does the TTC stock option expire?

The non-qualified stock option expires on 11/03/2035.

Under which plan were the TTC awards granted?

Both awards were issued under The Toro Company 2022 Equity and Incentive Plan.

What role does the reporting person have at TTC?

The reporting person is a Director of The Toro Company.

Was this a 10b5-1 plan transaction?

The form includes a checkbox for 10b5-1 plan transactions; the provided excerpt does not indicate it was checked.