Toro VP exercises options and sells 6,600 shares
The Toro Company VP of Technology Kurt D. Svendsen exercised and sold shares in a routine options transaction.
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Form Type
4
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
Exercise and Sale: 6,600 shares ($241K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Svendsen Kurt D
Role
VP, Technology
Sold
6,600 shs ($614K)
Approx. gross sale proceeds
$614K
Approx. exercise cost
$373K
Approx. pre-tax spread
$241K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option | 6,600 | $0.00 | $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 contracts (Direct);
Common Stock — 12,166.46 shares (Direct);
Restricted Stock Units — 1,182.7 contracts (Direct);
Common Stock — 11,576.729 shares (Indirect, The Toro Company Retirement Plan);
Performance Share Units — 6,405.374 shares (Direct)
Footnotes (7)
- F1. 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.
- F2. 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.
- F3. Includes 46.354 net shares acquired under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.
- F4. 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.
- F5. The option vests in three equal annual installments commencing on the first anniversary of the December 9, 2016 grant date.
- F6. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
- F7. 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
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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