Dordell Timothy P 4

4 · TORO CO · Filed Dec 10, 2018

Form 4

Period: 2018-12-06

VP, Secretary, General Counsel

Transactions

Award
Non-Qualified Stock Option
2018-12-07+21,600→ 21,600 total
Exercise: $58.53Exp: 2028-12-07→ Common Stock (21,600 underlying)
Award
Performance Share Units
2018-12-06+7,789→ 108,340.695 total

Holdings

Footnotes (4)

[F1]Represents the payout of a Performance Share Award for the Fiscal 2016 to Fiscal 2018 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated, as approved by the issuer's Compensation & Human Resources Committee of its Board of Directors on December 4, 2018, and which was conditioned upon and subject to confirmation by the issuer's Fiscal 2018 financial results that were released on December 6, 2018. The reporting person has deferred the payout of his Performance Share Award under The Toro Company Deferred Compensation Plan for Officers (the "Deferred Plan") and, accordingly, the reporting person's Performance Share Award is paid in performance share units under the Deferred Plan.
[F2]Includes 352.383 performance share units acquired by the reporting person since the date of his last report under the dividend reinvestment feature of the Deferred Plan.
[F3]Includes 1.071 shares of common stock acquired by the reporting person since the date of his last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.
[F4]The option vests in three equal annual installments commencing on the first anniversary of the date of grant.

Documents

1 file