[Form 4] TORO CO Insider Trading Activity

Rhea-AI Filing Summary

Toro Co (TTC) reported an insider equity grant. On 10/10/2025, Group Vice President of Golf, Grounds & Irrigation Grant M. Young was awarded 3,438 restricted stock units (RSUs). Each RSU represents the right to receive one share of common stock and vests in three equal annual installments commencing on the first anniversary of October 10, 2025.

Following the report, beneficial holdings include 1,881.834 shares of common stock held directly, 2,540.037 shares held indirectly via the TTC Retirement Plan, and 2,236.087 performance share units. The filing notes it was submitted under TTC’s CIK because the reporting person’s CIK has not yet been assigned.

Insights

Governance & Compensation Analyst

Routine RSU grant to a new senior officer; neutral impact.

Toro disclosed a grant of 3,438 RSUs to a newly appointed Group Vice President effective on 10/10/2025. RSUs deliver one share per unit and typically align executive incentives with shareholder outcomes over time.

The award vests in three equal annual installments commencing on the first anniversary of October 10, 2025. This schedule spreads retention and performance alignment over multiple years without immediate cash costs.

The Form 4 also lists post-transaction holdings: direct common stock 1,881.834, indirect plan shares 2,540.037, and performance share units 2,236.087. Actual dilution effects depend on future vesting and share delivery mechanics disclosed in subsequent company filings.

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^*

TORO CO

(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)
	VP, Golf, Grounds & Irr.

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
Performance Share Units								2,236.087	D
Common Stock								2,540.037	I	TTC Retirement Plan
Common Stock								1,881.834	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	(1)	10/10/2025		A		3,438		(2)	(2)	Common Stock	3,438	$0	3,438	D

Explanation of Responses:

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

2. 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 October 10, 2025.

Remarks:

On September 29, 2025 Grant M. Young began serving as Group Vice President of Golf, Grounds & Irrigation. Mr. Young's CIK EDGAR code has not yet been received; therefore, this form 4 report is being filed under TTC's CIK EDGAR code. A new form 4 will be filed using the reporting person's CIK EDGAR code once it becomes available.

	/s/ Joanna M. Totsky, Attorney-in-Fact	10/14/2025
	** 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 Toro (TTC) disclose in this Form 4?

An award of 3,438 restricted stock units to Group Vice President Grant M. Young on 10/10/2025.

How do the RSUs vest for TTC's reporting person?

They vest in three equal annual installments commencing on the first anniversary of October 10, 2025.

Who is the reporting person and role at Toro (TTC)?

Grant M. Young, Group Vice President of Golf, Grounds & Irrigation.

How many Toro shares does the insider hold directly and indirectly after the report?

Direct common stock: 1,881.834 shares; indirect via TTC Retirement Plan: 2,540.037 shares.

What other equity awards are shown in the filing?

2,236.087 performance share units are listed as beneficially owned.

Why was this Form 4 filed under Toro’s CIK?

Mr. Young’s CIK had not yet been assigned; the report was filed under TTC’s CIK pending issuance.