Toro VP exercises stock units, minor tax withholding
TORO CO executive Lori Riley, VP of Human Resources, exercised restricted stock units into 13.942 shares of common stock on April 14, 2026 at $97.74 per share.
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Form Type
4
Rhea-AI Filing Summary
TORO CO executive Lori Riley, VP of Human Resources, exercised restricted stock units into 13.942 shares of common stock on April 14, 2026 at $97.74 per share. Of these, 5 shares were withheld to cover tax obligations, leaving a small net increase in directly held shares.
After the transactions, Riley holds 1,757.993 shares of Toro common stock directly, plus 2,018.020 restricted stock units that may convert into the same number of shares as they vest. She also has an indirect interest in 1.004 shares through The Toro Company Retirement Plan, including a small amount acquired via dividend reinvestment.
Insider Trade Summary
13.942 shares exercised/converted
Exercise
5 txns
Insider
Riley Lori
Role
VP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13.942 | $0.00 | $0.00 |
| Exercise | Common Stock | 13.942 | $97.74 | $1K |
| Exercise Price or Tax Liability | Common Stock | 5 | $97.74 | $488.70 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,022.1 contracts for 2,018.02 underlying shares (Direct);
Common Stock — 1,757.993 shares (Direct);
Common Stock — 1.004 shares (Indirect, The Toro Company Retirement Plan)
Footnotes (4)
- F1. Includes 0.004 shares of common stock acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan since the date of her last report.
- F2. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
- F3. The restricted stock units and related dividend equivalents vest in three equal annual installments commencing on the first anniversary of the April 1, 2025 grant date.
- F4. 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 exercised: 13.942 shares
Exercise price: $97.74 per share
Tax withholding shares: 5 shares
+3 more
6 metrics
Shares exercised
13.942 shares
Restricted stock units converted to common stock on April 14, 2026
Exercise price
$97.74 per share
Price for common stock received from RSU conversion
Tax withholding shares
5 shares
Shares delivered to cover tax liability at $97.74
Direct common shares after
1,757.993 shares
Direct Toro common stock holdings post-transaction
Remaining RSUs
2,018.020 units
Restricted stock units outstanding after exercise
Indirect plan shares
1.004 shares
Toro shares held via The Toro Company Retirement Plan
Key Terms
Restricted Stock Units, dividend reinvestment feature, The Toro Company Retirement Plan, dividend equivalents, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of TTC common stock."
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
"Includes 0.004 shares of common stock acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan"
The Toro Company Retirement Plan financial
"acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan since the date of her last report."
dividend equivalents financial
"The restricted stock units and related dividend equivalents vest in three equal annual installments"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TTC executive Lori Riley report?
Lori Riley reported exercising restricted stock units into 13.942 shares of Toro common stock. Of these, 5 shares were withheld to cover tax obligations, resulting in a modest net increase in her directly held Toro shares.
What does the tax withholding transaction mean in Lori Riley’s TTC filing?
The tax withholding reflects 5 Toro common shares surrendered at $97.74 per share to satisfy tax obligations. This is a non-market disposition commonly used when equity awards vest or are exercised, and it does not represent an open-market sale decision.
What are Lori Riley’s remaining restricted stock units in Toro (TTC)?
Following the exercise, Lori Riley retains 2,018.020 restricted stock units tied to Toro common stock. Each restricted stock unit represents a contingent right to receive one TTC share as the awards vest over specified installment schedules.
How were dividend reinvestments reflected in this Toro (TTC) Form 4?
The filing notes that 0.004 Toro common shares were acquired via the dividend reinvestment feature of The Toro Company Retirement Plan. This very small increase is included within her 1.004 indirect shares reported under that retirement plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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