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TTC Form 4: Director receives 1,235-share award and options grant

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

Rhea-AI Filing Summary

The Toro Company (TTC) reported director equity activity. On 11/03/2025, a non-employee director received an annual common stock award of 1,235 shares under the 2022 Equity and Incentive Plan. The filing also shows gifts of 1,235 shares, reflecting movements between direct and indirect ownership.

In addition, the director received a non-qualified stock option for 2,266 shares with an exercise price of $74.21, expiring on 11/03/2035. The option vests in three equal annual installments beginning on the first anniversary of the grant date. Following these transactions, 13,983 shares were held indirectly by the Dale Christian Koch Trust.

Positive

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Negative

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Insider KOCH D CHRISTIAN
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
Gift Common Stock 1,235 $74.21 $92K
Gift Common Stock 1,235 $74.21 $92K
Holdings After Transaction: Non-Qualified Stock Option — 2,266 shares (Direct); Common Stock — 1,235 shares (Direct); Common Stock — 13,983 shares (Indirect, Held by Dale Christian Koch Trust)
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*
KOCH D CHRISTIAN
(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 1,235 D
Common Stock 11/03/2025 G 1,235 D $74.21 0 D
Common Stock 11/03/2025 G 1,235 A $74.21 13,983 I Held by Dale Christian Koch Trust
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 Toro (TTC) disclose in this Form 4?

A director received an annual stock award of 1,235 common shares and a non-qualified stock option for 2,266 shares on 11/03/2025.

What is the exercise price and term of the options granted to the TTC director?

The options have an exercise price of $74.21 and expire on 11/03/2035.

How do the TTC director’s options vest?

They vest in three equal annual installments, starting on the first anniversary of the 11/03/2025 grant date.

How many TTC shares are held indirectly after the transactions?

13,983 shares are held indirectly by the Dale Christian Koch Trust after the reported transactions.

What were the reported stock movements besides the award?

The filing shows gifts of 1,235 shares, shifting holdings between direct and indirect ownership.

Under which plan were the equity awards granted?

Both the stock award and options were issued under The Toro Company 2022 Equity and Incentive Plan.