Toro (TTC) VP exercises stock options and sells 6,600 shares in routine trade

Rhea-AI Filing Summary

The Toro Company VP of Technology Kurt D. Svendsen exercised and sold shares in a routine options transaction. He exercised non-qualified stock options for 6,600 shares of common stock at $56.54 per share, then sold 6,600 shares at a weighted average of $93.09 per share in open-market trades. Following the transactions, he directly holds 12,166.460 shares of common stock, indirectly holds 11,576.729 shares through The Toro Company Retirement Plan, and has 6,405.374 performance share units and 1,182.700 restricted stock units tied to common stock.

Insider Trade Summary

Net Seller: 6,600 shares ($614,394)

Net Sell 6 txns

Insider Svendsen Kurt D

Role VP, Technology

Sold 6,600 shs ($614K)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option	6,600	$0.00	--
Exercise	Common Stock	6,600	$56.54	$373K
Sale	Common Stock	6,600	$93.09	$614K
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--
holding	Performance Share Units	--	--	--

Holdings After Transaction: Non-Qualified Stock Option — 0 shares (Direct, null); Common Stock — 18,766.46 shares (Direct, null); Restricted Stock Units — 1,182.7 shares (Direct, null); Common Stock — 11,576.729 shares (Indirect, The Toro Company Retirement Plan); Performance Share Units — 6,405.374 shares (Direct, null)

Footnotes (1)

1. Includes 48.475 shares 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. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $93.12 per share to $93.24 per share, inclusive. The reporting person undertakes to provide to The Toro Company, any security holder of The Toro Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Includes 46.354 net shares acquired under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees. Includes 25.652 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. The option vests in three equal annual installments commencing on the first anniversary of the December 9, 2016 grant date. 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 in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date.

Key Figures

Shares sold: 6,600 shares Weighted average sale price: $93.09 per share Option exercise price: $56.54 per share +5 more

8 metrics

Shares sold 6,600 shares Common stock sold in open-market transactions on 2026-06-23

Weighted average sale price $93.09 per share Common stock sales ranged from $93.12 to $93.24

Option exercise price $56.54 per share Non-qualified stock option for 6,600 common shares

Direct common stock holding 12,166.460 shares Direct Toro common shares following transactions

Indirect common stock holding 11,576.729 shares Shares held via The Toro Company Retirement Plan

Performance share units 6,405.374 units Performance share units accumulated including dividend reinvestment

Restricted stock units 1,182.700 units Each unit represents a right to one common share

Exercised option size 6,600 shares Non-qualified stock option exercised and fully depleted

Key Terms

Performance Share Units, Non-Qualified Stock Option, Restricted Stock Units, dividend reinvestment feature, +1 more

5 terms

Performance Share Units financial

"security_title: "Performance Share Units" with 6,405.374 units outstanding"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

Non-Qualified Stock Option financial

"security_title: "Non-Qualified Stock Option" exercised for 6,600 shares"

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

Restricted Stock Units financial

"security_title: "Restricted Stock Units" with 1,182.700 underlying common shares"

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

"footnotes describe shares and units added under a dividend reinvestment feature"

weighted average sale price financial

"footnote states the price reported is a weighted average sale price"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 05:00 PM Accepted by SEC EDGAR 06/24/2026 - 05:00 PM Learn about SEC filing dates

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^*

Svendsen Kurt D

(Last) (First) (Middle)

8111 LYNDALE AVENUE SOUTH

(Street)

BLOOMINGTON MINNESOTA 55420-1196

(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, Technology

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2026		M		6,600	A	$56.54	18,766.46(1)	D
Common Stock	06/23/2026		S		6,600	D	$93.09(2)	12,166.46	D
Common Stock								11,576.729(3)	I	The Toro Company Retirement Plan
Performance Share Units								6,405.374(4)	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	$56.54	06/23/2026		M			6,600	(5)	12/09/2026	Common Stock	6,600	$0	0	D
Restricted Stock Units	(6)							(7)	(7)	Common Stock	1,182.7		1,182.7	D

Explanation of Responses:

1. Includes 48.475 shares 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.

2. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $93.12 per share to $93.24 per share, inclusive. The reporting person undertakes to provide to The Toro Company, any security holder of The Toro Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Includes 46.354 net shares acquired under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.

4. Includes 25.652 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.

5. The option vests in three equal annual installments commencing on the first anniversary of the December 9, 2016 grant date.

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

7. 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.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	06/24/2026
	** 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)

FAQ

What insider transactions did TTC VP Kurt D. Svendsen report on this Form 4?

Kurt D. Svendsen reported exercising options for 6,600 Toro common shares and selling 6,600 shares in open-market transactions. The filing also updates his holdings in performance share units, restricted stock units, and shares held through The Toro Company Retirement Plan.

How many Toro (TTC) shares did Kurt D. Svendsen sell and at what price?

He sold 6,600 shares of Toro common stock at a weighted average price of $93.09 per share. Footnotes state these shares were sold in multiple trades between $93.12 and $93.24 per share, all on the same transaction date.

What stock options did Kurt D. Svendsen exercise in the Toro (TTC) Form 4?

He exercised a non-qualified stock option covering 6,600 shares of Toro common stock at an exercise price of $56.54 per share. The option, originally granted on December 9, 2016, vested in three equal annual installments according to the disclosed vesting schedule.

What are Kurt D. Svendsen’s Toro (TTC) common stock holdings after these transactions?

After the reported transactions, he directly holds 12,166.460 Toro common shares and indirectly holds 11,576.729 shares through The Toro Company Retirement Plan. These figures reflect updated balances including dividend reinvestment activity and the exercise-and-sale sequence reported.

What derivative awards does Kurt D. Svendsen still hold in Toro (TTC)?

He holds 6,405.374 performance share units and 1,182.700 restricted stock units linked to Toro common stock. Each restricted stock unit represents the right to receive one share, and both awards include dividend reinvestment and vest over multi-year schedules described in the footnotes.

How were dividend reinvestment features described in the Toro (TTC) Form 4 footnotes?

Footnotes note 48.475 shares and 46.354 net shares were added through dividend reinvestment in separate accounts, and 25.652 performance share units were added through a deferred compensation plan. These amounts reflect automatic reinvestment and related fees, not discretionary market purchases.