Toro Co: vp, golf, grounds & irrigation Grant Young exercised 1,160.434 shares

What happened

• Grant Young, vp, golf, grounds & irrigation, exercised or converted derivative awards for 1,160.434 shares on Oct 12, 2026. The filing shows an acquisition entry for 1,160.434 shares at $0.00 and disposition entries including 533 shares withheld at $96.65 for $51,514 and a derivative disposition of 1,160.434 shares at $0.00.

Key details

• Transaction date: Oct 12, 2026. Exercise/conversion price shown as $0.00; tax withholding/disposition price 533 shares at $96.65 for $51,514.
• Shares owned after the transaction: not reported in the filing.
• Footnotes from the filing:
  • F1: Includes 32.144 net shares acquired since the reporting person's last report under the dividend reinvestment feature of The Toro Company Retirement Plan less non-discretionary quarterly administrative fees.
  • F2: Includes 30.523 performance share units acquired since the reporting person's last report under the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Officers.
  • F3: Each restricted stock unit represents a contingent right to receive one share of TTC common stock.
  • F4: The restricted stock units vest and related dividend equivalents vest and the underlying vested shares become issuable in three equal annual installments commencing on the first anniversary of Oct 10, 2025.
• Filing date: Oct 13, 2026. No late filing is indicated in the report.

Why it may matter

• The filing shows an exercise/conversion of derivative awards with 533 shares withheld to satisfy tax liabilities, consistent with a cashless sell-to-cover at $96.65 per share for $51,514.
• A filing does not show why the insider traded or why the company acted.