The Toro Company furnished an update on its financial performance by announcing results for the three- and nine-month periods ended August 1, 2025. The company released these figures through a press release dated September 4, 2025, which is attached as Exhibit 99.1. The disclosure is provided under an informational item and is described as furnished rather than filed, meaning it is not automatically subject to certain liability provisions or incorporated into other securities filings unless specifically referenced.
T. Rowe Price Associates, Inc. filed an Amendment No. 3 to Schedule 13G disclosing beneficial ownership of 4,170,500 shares of Toro Co common stock, representing 4.2% of the class. The filing reports sole voting power over 3,988,287 shares and sole dispositive power over 4,145,484 shares and identifies the security by CUSIP 891092108.
The statement classifies the filer as an investment adviser organized in Maryland and includes a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer. No group affiliations or parent/subsidiary acquisitions are reported.
On 31 July 2025, Jason P. Baab—Vice President, Strategy, Corporate Development & Sustainability of The Toro Company (TTC)—filed a Form 4 disclosing routine equity-award activity. Baab converted 2,718.579 restricted stock units into common stock (Transaction Code M) at an exercise/valuation price of $74.25. To satisfy tax withholding, 832 shares were automatically forfeited to the issuer (Code F) at the same price. After these transactions, Baab’s direct holdings rose to 3,736.322 shares; he also owns 1.022 shares indirectly via The Toro Company Retirement Plan and retains 2,719.618 unvested RSUs that vest in three equal annual installments beginning 07/31/2024.
No open-market purchases or sales occurred, and the filing does not alter the company’s share count. The activity reflects scheduled vesting under a 2023 grant and modestly increases insider ownership, offering limited but generally constructive signaling to investors.
Toro (NYSE:TTC) filed a Form 4 disclosing that VP-Technology Kurt D. Svendsen on 06/26/2025 exercised 6,000 stock options at $38.82 and immediately sold 6,000 common shares in four trades priced between $70.98 – $71.01, realising roughly $426 k in proceeds.
Following the transactions he directly owns 17,646 shares; including retirement-plan and deferred units, total beneficial ownership is about 35,353 shares. The sale equals an estimated 17 % of his aggregate holdings, exceeding the 5 % materiality threshold and signalling partial profit-taking ahead of the option’s 12/04/2025 expiry.
Form 144 Notice: Kurt D. Svendsen, an officer at Toro Company, has filed a notice of proposed sale of 6,000 shares of common stock with an aggregate market value of $425,967.80. The sale is planned to execute on June 26, 2025, through Fidelity Brokerage Services LLC on the NYSE.
The securities were acquired through a stock option granted on December 4, 2015, and exercised on June 26, 2025, with cash payment. The total outstanding shares of Toro Company are 98,685,272.
Key Details:
- No other securities sales reported by the insider in the past 3 months
- Transaction represents approximately 0.006% of total outstanding shares
- Average price per share: $70.99
- Filing includes standard attestation that seller has no knowledge of undisclosed material adverse information
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.