Toro director exercises options, sells 4,951 shares

TORO CO director James Calvin O'Rourke reported an option exercise and related share sale.

Accepted by SEC EDGAR 03/12/2026 - 09:26 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

TORO CO director James Calvin O'Rourke reported an option exercise and related share sale. He exercised a non-qualified stock option for 4,951 shares of common stock at an exercise price of $47.17 per share and received 4,951 shares of common stock.

On the same date, he sold 4,951 shares of common stock in an open-market transaction at $99.40 per share, effectively converting the option position into cash. After these transactions and related holdings updates, he directly owned 16,252 shares of TORO CO common stock in a brokerage account.

Insights

Equity compensation and insider trading analyst

Director exercised 4,951 options and sold the resulting shares, retaining a meaningful equity stake.

Director James Calvin O'Rourke exercised 4,951 non-qualified stock options at an exercise price of $47.17 and received 4,951 common shares. He then sold 4,951 common shares at $99.40 in an open-market transaction, a classic exercise-and-sell pattern that turns option value into cash.

The derivativeSummary is empty, indicating this option grant has been fully exercised. A holding entry shows he directly owns 16,252 common shares afterward, so the sale represents only part of his visible equity exposure. The filing characterizes this as routine equity compensation activity rather than a wholesale reduction of his position.

Insider Trade Summary

Exercise and Sale: 4,951 shares ($259K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider O'Rourke James Calvin

Role Director

Sold 4,951 shs ($492K)

Approx. gross sale proceeds $492K

Approx. exercise cost $234K

Approx. pre-tax spread $259K

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	$99.40	$492K
Holding	Common Stock	--	--	--

Holdings After Transaction: Non-Qualified Stock Option — 0 contracts (Direct); Common Stock — 18,956 shares (Direct)

Footnotes (2)

1. F1. Reflects common stock owned by the reporting person in a brokerage account.
2. F2. The option vests in three equal annual installments commencing on the first anniversary of the November 1, 2016 grant date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did TORO CO (TTC) director James O'Rourke report?

Director James Calvin O'Rourke reported exercising 4,951 non-qualified stock options at $47.17 per share and receiving 4,951 common shares, then selling 4,951 TORO CO common shares in an open-market transaction at $99.40 per share on March 10, 2026.

At what prices did the TORO CO director exercise options and sell shares?

He exercised non-qualified stock options at an exercise price of $47.17 per share, receiving 4,951 TORO CO common shares. He then sold 4,951 common shares in the open market at a reported sale price of $99.40 per share on the same date.

How many TORO CO shares did the director sell in this Form 4 filing?

The filing shows an open-market sale of 4,951 TORO CO common shares by director James Calvin O'Rourke at a price of $99.40 per share. This sale followed his exercise of 4,951 non-qualified stock options into common stock.

Does the TORO CO director still hold shares after the reported transactions?

Yes. A holding entry indicates that after exercising options and selling 4,951 shares, director James Calvin O'Rourke directly owns 16,252 TORO CO common shares in a brokerage account, reflecting his remaining equity stake following these transactions.

Were any TORO CO stock options remaining after the director’s exercise?

The filing’s derivative section shows the non-qualified stock option with 4,951 underlying shares had a total of zero derivative shares remaining after the exercise, indicating that this particular option grant was fully exercised and no options from that grant remain outstanding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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).

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^*

O'Rourke James Calvin

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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	03/10/2026		M		4,951	A	$47.17	7,655	D(1)
Common Stock	03/10/2026		S		4,951	D	$99.4	2,704	D(1)
Common Stock								16,252	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
Non-Qualified Stock Option	$47.17	03/10/2026		M			4,951	(2)	11/01/2026	Common Stock	4,951	$0	0	D

Explanation of Responses:

1. Reflects common stock owned by the reporting person in a brokerage account.

2. The option vests in three equal annual installments commencing on the first anniversary of the November 1, 2016 grant date.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	03/12/2026
	** 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.