Toro (NYSE: TTC) VP receives new RSUs and stock options grant

Rhea-AI Filing Summary

The Toro Company executive reports new equity awards. A company officer serving as VP, Strategy, Corp Dev & Sust filed a Form 4 for transactions dated December 22, 2025.

The officer received 1,525 restricted stock units (RSUs), each representing one share of Toro common stock, which vest in three equal annual installments starting on the first anniversary of the December 22, 2025 grant date. The filing also shows a non-qualified stock option for 4,329 shares at an exercise price of $78.47 per share, vesting in three equal annual installments beginning on the same first anniversary and expiring on December 22, 2035.

After these transactions, the officer holds 1,525 RSUs and 4,329 stock options directly, plus 2,733.277 RSUs from a July 31, 2023 grant and 3,736.322 shares of common stock directly, along with 0.901 shares held indirectly through The Toro Company Retirement Plan.

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^*

Baab Jason P

(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, Strategy, Corp Dev & Sust

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								3,736.322	D
Common Stock								0.901	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		1,525		(2)	(2)	Common Stock	1,525	$0	1,525	D
Non-Qualified Stock Option	$78.47	12/22/2025		A		4,329		(3)	12/22/2035	Common Stock	4,329	$0	4,329	D
Restricted Stock Units	(1)							(4)	(4)	Common Stock	2,733.277		2,733.277	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 three equal annual installments commencing on the first anniversary of the July 31, 2023 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 insider activity did Toro (TTC) report in this Form 4?

The filing reports that a Toro officer, serving as VP, Strategy, Corp Dev & Sust, received new equity awards on December 22, 2025, including restricted stock units and a non-qualified stock option, and updates the total shares and units the officer beneficially owns.

How many restricted stock units did the Toro executive receive on December 22, 2025?

The officer received 1,525 restricted stock units. Each RSU represents a contingent right to receive one share of Toro common stock, vesting in three equal annual installments beginning on the first anniversary of the December 22, 2025 grant date.

What are the terms of the Toro executives new stock option grant?

The non-qualified stock option covers 4,329 shares of Toro common stock at an exercise price of $78.47 per share. It vests in three equal annual installments starting on the first anniversary of the December 22, 2025 grant date and has an expiration date of December 22, 2035.

What is the vesting schedule for the Toro executives new RSUs?

The 1,525 restricted stock units granted on December 22, 2025 vest and become non-forfeitable in three equal annual installments, starting on the first anniversary of the grant date.

What other restricted stock units does the Toro executive already hold?

In addition to the new grant, the officer holds 2,733.277 restricted stock units from a grant dated July 31, 2023. These RSUs also vest in three equal annual installments beginning on the first anniversary of that earlier grant date.

How many Toro shares does the executive own directly and indirectly after these transactions?

Following the reported transactions, the officer beneficially owns 3,736.322 shares of Toro common stock directly and 0.901 shares indirectly through The Toro Company Retirement Plan, in addition to the reported RSUs and stock options.