Smith Kevin L 4
4 · TORO CO · Filed Dec 23, 2022
Insider Transaction Report
Form 4
TORO COTTC
Smith Kevin L
Vice President, Ditch Witch
Transactions
- Award
Common Stock
2022-12-21+648→ 2,125.23 total - Tax Payment
Common Stock
2022-12-21$112.87/sh−189$21,332→ 1,936.23 total - Award
Non-Qualified Stock Option
2022-12-22+4,700→ 4,700 totalExercise: $111.15Exp: 2032-12-22→ Common Stock (4,700 underlying)
Holdings
- 1.019(indirect: The Toro Company Retirement Plan)
Common Stock
Footnotes (2)
- [F1]Represents the payout of a Performance Share Award for the Fiscal 2020 to Fiscal 2022 Performance Period under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the "Amended and Restated 2010 Plan"), as approved by the Issuer's Compensation & Human Resources Committee of its Board of Directors on December 13, 2022, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2022 financial results that were released on December 21, 2022. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.
- [F2]The option vests in three equal annual installments commencing on the first anniversary of the December 22, 2022 grant date.