Toro VP exercises RSUs, withholds shares for taxes
The Toro Company executive Kurt D. Svendsen reported several equity-related transactions.
Rhea-AI Filing Summary
The Toro Company executive Kurt D. Svendsen reported several equity-related transactions. On March 2, 2026, he exercised 475.959 restricted stock units, receiving the same number of common shares at $100.29 per share. In a related tax-withholding move, 173 common shares were disposed of at $100.29 to cover obligations. After these transactions, he held 12,117.985 common shares directly, plus 11,530.375 common shares indirectly through The Toro Company Retirement Plan, along with 1,178 restricted stock units and 6,379.722 performance share units.
Positive
- None.
Negative
- None.
Insider Trade Summary
475.959 shares exercised/converted
Exercise
6 txns
Insider
Svendsen Kurt D
Role
VP, Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 475.959 | $0.00 | $0.00 |
| Exercise | Common Stock | 475.959 | $100.29 | $48K |
| Exercise Price or Tax Liability | Common Stock | 173 | $100.29 | $17K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,178 contracts (Direct);
Common Stock — 12,117.985 shares (Direct);
Common Stock — 11,530.375 shares (Indirect, The Toro Company Retirement Plan);
Performance Share Units — 6,379.722 shares (Direct)
Footnotes (6)
- F1. Includes 51.709 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. Includes 50.435 net shares acquired under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.
- F3. Includes 26.082 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.
- F4. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
- F5. 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.
- F6. The restricted stock units vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TTC executive Kurt Svendsen report?
Kurt Svendsen reported exercising restricted stock units into 475.959 TTC common shares at $100.29 each. He also reported a related tax-withholding disposition of 173 common shares at the same price to satisfy tax obligations on the equity award.
What equity awards in Toro (TTC) does Kurt Svendsen still have outstanding?
Following the transactions, he holds 1,178 restricted stock units and 6,379.722 performance share units. Footnotes explain these units can convert into TTC common stock and generally vest in three equal annual installments starting on specified grant anniversaries.
What does the tax-withholding disposition mean in the TTC Form 4 filing?
The Form 4 labels the 173-share disposition with code F, meaning shares were withheld or delivered to cover exercise price or tax liabilities. This is an administrative transaction, not a discretionary open-market sale by the executive.
How are dividend reinvestments reflected in Kurt Svendsen’s Toro (TTC) holdings?
Footnotes state his positions include shares and units from dividend reinvestment features in certain accounts and plans. These added 51.709 common shares, 50.435 net retirement-plan shares, and 26.082 performance share units since his prior report through automatic reinvestment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
