[Form 4] Toro Company (The) Insider Trading Activity

Rhea-AI Filing Summary

Richard M. Olson, Chairman & CEO of Toro Company (TTC), reported significant insider transactions on June 20, 2025:

• Exercised 44,400 non-qualified stock options at $38.82 per share
• Disposed of 31,611 shares at $69.31 per share
• Following transactions, directly owns 34,312 shares and indirectly owns 17,552 shares through retirement plan
• Holds 168,446 performance share units through deferred compensation plan

The exercised options were granted on December 4, 2015, with a vesting schedule of three equal annual installments. The transactions demonstrate a typical executive stock option exercise and partial share disposition pattern. The indirect ownership includes shares accumulated through dividend reinvestment in the company's retirement plan.

Positive

• None.

Negative

• CEO Richard M. Olson exercised options for 44,400 shares at $38.82 and immediately sold 31,611 shares at $69.31, resulting in a significant net reduction of direct holdings to 34,312 shares

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^*

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)
06/20/2025

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	06/20/2025		M		44,400	A	$38.82	65,923.461	D
Common Stock	06/20/2025		F		31,611	D	$69.31	34,312.461	D
Common Stock								17,552.057(1)	I	The Toro Company Retirement Plan
Performance Share Units								168,446.55(2)	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	$38.82	06/20/2025		M			44,400	(3)	12/04/2025	Common Stock	44,400	$0	0	D

Explanation of Responses:

1. Includes 180.709 net shares acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.

2. Includes 1,737.38 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.

3. The option vested in three equal annual installments commencing on the first anniversary of the date of grant, which was December 4, 2015.

Remarks:

	/s/ Joanna M. Totsky, Attorney-in-Fact	06/23/2025
	** 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 trading activity occurred at TTC (Toro Company) on June 20, 2025?

On June 20, 2025, Richard M. Olson (Chairman & CEO) exercised 44,400 non-qualified stock options at $38.82 per share and subsequently sold 31,611 shares at $69.31 per share. After these transactions, he directly owned 34,312 shares of TTC common stock.

How many TTC shares does CEO Richard Olson own after the June 2025 transactions?

After the transactions, Richard Olson owns 34,312.461 shares directly, plus 17,552.057 shares indirectly through The Toro Company Retirement Plan, and 168,446.55 Performance Share Units. His total beneficial ownership includes both direct and indirect holdings.

What was the exercise price of TTC stock options exercised by the CEO in June 2025?

The non-qualified stock options were exercised at a price of $38.82 per share. These options were originally granted on December 4, 2015, and were set to expire on December 4, 2025.

What positions does Richard Olson hold at TTC (Toro Company)?

Richard M. Olson serves as both Chairman and CEO of The Toro Company (TTC), and he is also a Director on the company's board, as indicated in the Form 4 filing.