TTC Form 4: 20,632 RSUs granted; vesting completes Oct 10, 2028

Rhea-AI Filing Summary

Toro Co (TTC) reported an insider Form 4 for a company officer (Group VP, Undg, Spec Con & Inl) dated 10/10/2025. The filing shows an award of 20,632 restricted stock units (RSUs).

According to the notes, each RSU equals one share of common stock. The 20,632 RSUs vest in full on October 10, 2028, which is the third anniversary of the grant date. A prior RSU grant from March 1, 2023 vests in three equal annual installments beginning on its first anniversary.

Post-transaction holdings include 4,155.055 shares through The Toro Company Retirement Plan (indirect), and common stock positions of 2,727.498 and 600.026 shares (direct). Dividend reinvestment features account for incremental share accruals noted in the footnotes.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider MOELLER PETER D

Role Group VP, Undg, Spec Con & Inl

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	20,632	$0.00	--
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--
holding	Performance Share Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 20,632 shares (Direct); Common Stock — 4,155.055 shares (Indirect, The Toro Company Retirement Plan); Performance Share Units — 2,727.498 shares (Direct); Common Stock — 600.026 shares (Direct)

Footnotes (1)

1. Includes 43.64 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees. Includes 28.682 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. Includes 2.965 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the March 1, 2023 grant date. The restricted stock units vest and become non-forfeitable in full on October 10, 2028, which is the third anniversary of the date of grant.

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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).

1. Name and Address of Reporting Person^*

MOELLER PETER D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group VP, Undg, Spec Con & Inl

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025

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								4,155.055(1)	I	The Toro Company Retirement Plan
Performance Share Units								2,727.498(2)	D
Common Stock								600.026(3)	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
Restricted Stock Units	(4)							(5)	(5)	Common Stock	941.991		941.991	D
Restricted Stock Units	(4)	10/10/2025		A		20,632		(6)	(6)	Common Stock	20,632	$0	20,632	D

Explanation of Responses:

1. Includes 43.64 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.

2. Includes 28.682 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.

3. Includes 2.965 shares of common stock acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.

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

5. The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the March 1, 2023 grant date.

6. The restricted stock units vest and become non-forfeitable in full on October 10, 2028, which is the third anniversary of the date of grant.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	10/10/2025
	** 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.

FAQ

What did TTC disclose in this Form 4?

An officer reported an award of 20,632 restricted stock units on 10/10/2025 and updated beneficial holdings.

How do the 20,632 RSUs vest for TTC?

They vest in full on October 10, 2028, the third anniversary of the grant date.

What are the officer’s post-transaction TTC holdings?

Indirect: 4,155.055 shares via The Toro Company Retirement Plan. Direct common stock: 2,727.498 shares and 600.026 shares.

What is the officer’s role at Toro Co (TTC)?

Listed as Officer, title Group VP, Undg, Spec Con & Inl.

How are RSUs defined in this TTC filing?

Each RSU represents a contingent right to receive one share of TTC common stock.

Is there another RSU vesting schedule mentioned?

Yes. A prior grant from March 1, 2023 vests in three equal annual installments starting on its first anniversary.