Toro Co (TTC) VP reports grants of RSUs and stock options

Rhea-AI Filing Summary

The Toro Company executive reports new equity awards and updated holdings. A vice president of global operations and supply chain at Toro Co (TTC) filed to disclose equity grants dated 12/22/2025 and current ownership.

The filing shows grants of 1,802 restricted stock units, each representing one share of common stock, and a non-qualified stock option for 5,116 shares with an exercise price of $78.47 expiring on 12/22/2035. The RSUs and option vest in three equal annual installments starting on the first anniversary of the grant date, and an additional block of RSUs covering 7,165.997 shares vests in full on 01/23/2027.

After these transactions, the officer reports beneficial ownership of 8,388.81 shares of common stock directly and 1.052 shares indirectly through The Toro Company Retirement Plan, along with the derivative positions described.

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

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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^*

Carpenter Kevin N

(Last) (First) (Middle)

8111 LYNDALE AVE S

(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, Global Ops & Supply Chain

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
Common Stock								8,388.81	D
Common Stock								1.052	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		1,802		(2)	(2)	Common Stock	1,802	$0	1,802	D
Non-Qualified Stock Option	$78.47	12/22/2025		A		5,116		(3)	12/22/2035	Common Stock	5,116	$0	5,116	D
Restricted Stock Units	(1)							(4)	(4)	Common Stock	7,165.997		7,165.997	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.

4. The restricted stock units vest and become non-forfeitable in full on January 23, 2027, which is the third anniversary of the date of grant.

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.
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FAQ

What insider activity did Toro Co (TTC) report in this Form 4?

The Form 4 reports that a Toro Co vice president of global operations and supply chain received 1,802 restricted stock units and a non-qualified stock option for 5,116 shares of common stock on 12/22/2025, and updates the officer’s direct and indirect share ownership.

How many restricted stock units did the Toro Co (TTC) officer receive and how do they vest?

The officer received 1,802 restricted stock units on 12/22/2025. These units vest and become non-forfeitable in three equal annual installments starting on the first anniversary of the grant date. A separate RSU award covering 7,165.997 shares vests in full on 01/23/2027.

What are the terms of the non-qualified stock option reported for Toro Co (TTC)?

The non-qualified stock option covers 5,116 shares of Toro Co common stock with an exercise price of $78.47. It was granted on 12/22/2025 and expires on 12/22/2035. The option vests in three equal annual installments beginning on the first anniversary of the grant date.

What is the Toro Co (TTC) insider’s current share ownership after these transactions?

Following the reported grants, the officer reports 8,388.81 shares of Toro Co common stock held directly and 1.052 shares held indirectly through The Toro Company Retirement Plan, in addition to the reported RSU and option positions.

What role does the reporting person hold at Toro Co (TTC)?

The reporting person is an officer of Toro Co, serving as Vice President, Global Operations & Supply Chain, and is filing individually for the reported equity awards and holdings.

When will the additional RSUs reported for Toro Co (TTC) fully vest?

The filing notes a block of restricted stock units tied to 7,165.997 shares of Toro Co common stock that will vest and become non-forfeitable in full on 01/23/2027, the third anniversary of that grant date.