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Toro VP Exercises 4,770 RSUs Worth $69.47/Share|Toro Company GC Joanna Totsky Files Form 4|TTC Insider Trading: VP & General Counsel Updates Holdings

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Toro VP, General Counsel & Corporate Secretary Joanna M. Totsky reported multiple transactions on June 20, 2025. Totsky acquired 4,770.394 shares of common stock at $69.47 per share through the conversion of Restricted Stock Units (RSUs), followed by the disposition of 2,128 shares at the same price. After these transactions, Totsky directly owns 5,011.777 shares and indirectly holds 1.018 shares through The Toro Company Retirement Plan. The RSU conversion was part of a vesting schedule where units vest in three equal annual installments from the June 20, 2023 grant date. The transactions demonstrate standard executive compensation activity through the vesting of equity awards and subsequent share disposition, likely for tax purposes.

Positive

  • VP, General Counsel & Corporate Secretary Joanna M. Totsky acquired a net 2,642 shares after vesting of RSUs (4,770 shares acquired, 2,128 shares sold for tax withholding)
  • Executive continues to maintain significant equity stake with 5,011 direct shares plus retirement plan holdings, demonstrating alignment with shareholders

Negative

  • Insider sold 2,128 shares at $69.47, though this appears to be for tax withholding purposes rather than discretionary selling
Insider Totsky Joanna M.
Role VP, GC & Corp Secretary
Type Security Shares Price Value
Exercise Restricted Stock Units 4,770.394 $0.00 --
Exercise Common Stock 4,770.394 $69.47 $331K
Tax Withholding Common Stock 2,128 $69.47 $148K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 4,770.398 shares (Direct); Common Stock — 7,139.777 shares (Direct); Common Stock — 1.018 shares (Indirect, The Toro Company Retirement Plan)
Footnotes (1)
  1. Includes 0.010 shares of common stock acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan since the date of her last report. Each restricted stock unit represents a contingent right to receive one share of TTC common stock. The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the June 20, 2023 grant date.
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Form 4 Insider Transactions: What Each Field Means →
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*
Totsky Joanna 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, GC & Corp Secretary
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 4,770.394 A $69.47 7,139.777 D
Common Stock 06/20/2025 F 2,128 D $69.47 5,011.777 D
Common Stock 1.018(1) 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 (2) 06/20/2025 M 4,770.394 (3) (3) Common Stock 4,770.394 $0 4,770.398 D
Explanation of Responses:
1. Includes 0.010 shares of common stock acquired under the dividend reinvestment feature of the The Toro Company Retirement Plan since the date of her last report.
2. Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
3. The restricted stock units and related dividend equivalents vest and become non-forfeitable in three equal annual installments commencing on the first anniversary of the June 20, 2023 grant date.
Remarks:
/s/ Joanna M. Totsky 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many TTC shares did Joanna Totsky acquire on June 20, 2025?

Joanna Totsky acquired 4,770.394 shares of TTC common stock through the conversion of restricted stock units on June 20, 2025.

What is Joanna Totsky's position at The Toro Company (TTC)?

Joanna Totsky serves as Vice President, General Counsel and Corporate Secretary at The Toro Company (TTC).

How many TTC shares did Joanna Totsky dispose of on June 20, 2025?

Joanna Totsky disposed of 2,128 shares of TTC common stock on June 20, 2025 through a Form F transaction at a price of $69.47 per share.

What is the vesting schedule for TTC restricted stock units granted to Joanna Totsky?

The restricted stock units vest in three equal annual installments starting from the first anniversary of the June 20, 2023 grant date.

How many TTC shares does Joanna Totsky own directly after the reported transactions?

Following the reported transactions, Joanna Totsky directly owns 5,011.777 shares of TTC common stock.