Toro Company (NYSE: TTC) awards CEO options and 16,916 RSUs

Rhea-AI Filing Summary

The Toro Company reported new equity awards for its Chairman and CEO, who also serves as a director. On December 22, 2025, the executive received 16,916 restricted stock units, each representing a right to one share of Toro common stock, and a non-qualified stock option for 48,012 shares at an exercise price of $78.47 per share. Both the restricted stock units and the option vest in three equal annual installments starting on the first anniversary of the grant date. After these grants, the executive beneficially owns common stock and performance share units directly and through The Toro Company Retirement Plan.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Olson Richard M

Role Chairman & CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	16,916	$0.00	--
Grant/Award	Non-Qualified Stock Option	48,012	$0.00	--
holding	Performance Share Units	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 16,916 shares (Direct); Non-Qualified Stock Option — 48,012 shares (Direct); Performance Share Units — 170,144.66 shares (Direct); Common Stock — 38,186.461 shares (Direct); Common Stock — 17,728.734 shares (Indirect, The Toro Company Retirement Plan)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. 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. The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Olson Richard M

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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								170,144.66	D
Common Stock								38,186.461	D
Common Stock								17,728.734	I	The Toro Company Retirement Plan

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)	12/22/2025		A		16,916		(2)	(2)	Common Stock	16,916	$0	16,916	D
Non-Qualified Stock Option	$78.47	12/22/2025		A		48,012		(3)	12/22/2035	Common Stock	48,012	$0	48,012	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 vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the December 22, 2025 grant date.

3. The option vests 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	12/23/2025
	** 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 equity awards did Toro Company (TTC) grant to its CEO on December 22, 2025?

On December 22, 2025, the CEO received 16,916 restricted stock units and a non-qualified stock option for 48,012 shares of Toro common stock.

What is the exercise price of the new Toro Company (TTC) stock options?

The non-qualified stock option granted to the CEO has an exercise price of $78.47 per share of Toro common stock.

How do the Toro Company (TTC) restricted stock units for the CEO vest?

The 16,916 restricted stock units vest and become non-forfeitable in three equal annual installments starting on the first anniversary of the December 22, 2025 grant date.

What is the vesting schedule for the new Toro Company (TTC) stock options?

The non-qualified stock option for 48,012 shares vests in three equal annual installments beginning on the first anniversary of the December 22, 2025 grant date and expires on December 22, 2035.

What roles does the reporting person hold at Toro Company (TTC)?

The reporting person is a director of Toro Company and serves as its Chairman & CEO.

How does the CEO hold Toro Company (TTC) shares after these grants?

After the reported transactions, the CEO beneficially owns Toro common stock and performance share units directly, and also holds shares indirectly through The Toro Company Retirement Plan.