Olson Richard M 4

What Happened
Richard M. Olson, Chairman, President & CEO and a director of The Toro Company (TTC), exercised options to acquire 119,400 shares and on the same day sold those 119,400 shares. The exercise price was $56.54 per share (total cost reported $6,750,876). The shares were sold at a weighted-average price of $100.15 per share for total proceeds of $11,957,671, implying reported net proceeds (proceeds minus exercise cost) of about $5,206,795. This is effectively a cashless exercise followed by an immediate open‑market sale (a common liquidity transaction).

Key Details

• Transaction date: 2026-03-10; Form filed 2026-03-12 (timely filing).
• Exercise: 119,400 shares @ $56.54 each (total $6,750,876).
• Sale: 119,400 shares @ weighted avg $100.15 each (total $11,957,671). Sale prices ranged $100.00–$100.69 (see footnote F1).
• Report shows a derivative disposition line for 119,400 shares at $0 (reflects conversion/exercise reporting mechanics).
• Shares owned after the transaction: not specified in this Form 4.
• Relevant footnotes: F1 discloses the sale price range and willingness to provide per‑trade breakdown; F2–F3 note small additional shares from dividend reinvestment since the last report; F4–F6 describe vesting schedules/definitions for options and RSUs mentioned elsewhere.
• Insider status: Olson is an executive officer/director (not a 10% owner). The filings show an exercise + immediate sale (liquidity event), not a purchase signaling added exposure.

Context

• This was a typical cashless exercise: options were exercised (incurring the strike cost) and the resulting shares were sold the same day. Such transactions are often for liquidity or tax purposes and do not, by themselves, indicate a change in confidence.
• For retail investors, purchases by insiders can be more informative than routine sales; this filing documents a sale after exercising options.