Toro director exercises options and sells shares
The Toro Company director Gary Lee Ellis reported an option exercise and related share sale.
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Form Type
4
Rhea-AI Filing Summary
The Toro Company director Gary Lee Ellis reported an option exercise and related share sale. On June 9, 2026, he exercised a non-qualified stock option covering 4,951 shares of common stock at an exercise price of $47.17 per share and sold 4,951 common shares in an open-market transaction at $91.91 per share.
After these transactions, he directly holds 35,297 shares of Toro common stock and 4,193.177 common stock units. The units total includes 35.086 common stock units acquired through the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Non-Employee Directors since his prior report.
Insider Trade Summary
Exercise and Sale: 4,951 shares ($222K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Ellis Gary Lee
Role
Director
Sold
4,951 shs ($455K)
Approx. gross sale proceeds
$455K
Approx. exercise cost
$234K
Approx. pre-tax spread
$222K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option | 4,951 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,951 | $47.17 | $234K |
| Sale | Common Stock | 4,951 | $91.91 | $455K |
| holding | Common Stock Units | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option — 0 contracts (Direct);
Common Stock — 35,297 shares (Direct);
Common Stock Units — 4,193.177 shares (Direct)
Footnotes (2)
- F1. Includes 35.086 common stock units acquired by the reporting person under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Non-Employee Directors since the date of his last report.
- F2. The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was November 1, 2016.
Key Figures
Shares sold: 4,951 shares
Sale price: $91.91 per share
Options exercised: 4,951 shares
+5 more
8 metrics
Shares sold
4,951 shares
Open-market sale of common stock on June 9, 2026
Sale price
$91.91 per share
Price for 4,951 Toro common shares sold
Options exercised
4,951 shares
Non-qualified stock option exercise into common stock
Exercise price
$47.17 per share
Exercise price of non-qualified stock option
Common shares held
35,297 shares
Direct Toro common stock holdings after transactions
Stock units held
4,193.177 units
Common stock units after plan-related changes
Dividend reinvestment units
35.086 units
Units added via dividend reinvestment since last report
Option expiration
November 1, 2026
Expiration date of exercised non-qualified stock option
Key Terms
Non-Qualified Stock Option, open-market sale, derivative security, dividend reinvestment feature, +1 more
5 terms
Non-Qualified Stock Option financial
"security_title: "Non-Qualified Stock Option" with exercise on June 9, 2026"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
open-market sale financial
"transaction_action: "open-market sale" for 4,951 common shares"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
dividend reinvestment feature financial
"common stock units acquired under the dividend reinvestment feature of the plan"
Deferred Compensation Plan for Non-Employee Directors financial
"The Toro Company Deferred Compensation Plan for Non-Employee Directors"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Toro (TTC) director Gary Lee Ellis report?
Gary Lee Ellis reported exercising a non-qualified stock option for 4,951 Toro common shares at $47.17 per share and selling 4,951 common shares at $91.91 per share on June 9, 2026, according to the Form 4 data.
What was the exercise price and sale price in Gary Lee Ellis’s Toro (TTC) Form 4?
The non-qualified stock option was exercised at an exercise price of $47.17 per Toro share. The corresponding 4,951 common shares were sold in an open-market transaction at $91.91 per share on June 9, 2026, based on the filing data.
What does the option vesting footnote in Toro (TTC) director Ellis’s Form 4 explain?
The footnote explains the option vested in three equal annual installments starting on the first anniversary of the grant date, November 1, 2016. This indicates the reported June 9, 2026 exercise relates to an older compensation grant that became exercisable over time.
How were Toro (TTC) common stock units accumulated under the director deferred compensation plan?
The filing notes 35.086 common stock units were acquired through the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Non-Employee Directors. These incremental units were added since Ellis’s last report, contributing to his total of 4,193.177 units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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