TORO CO — Director's Dealing 2020

Dec 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2020-12-16

Reporting Person: JANEY GREGORY S (VP, RLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-16	Common Stock	A	1097	—	Acquired	3033.762	Direct
2020-12-16	Common Stock	F	336	$92.26	Disposed	2697.762	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Non-Qualified Stock Option	$93.33	A	9000	Acquired	2030-12-17	Common Stock (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2050.468	Indirect

Footnotes

F1: Represents the payout of a Performance Share Award for the Fiscal 2018 to Fiscal 2020 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 1, 2020, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2020 financial results that were released on December 16, 2020. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.

F2: Includes 3.861 shares acquired by the reporting person since the date of his last report under a dividend reinvestment feature of the account in which the shares are held.

F3: Includes 27.471 net shares acquired by the reporting person since the date of his last under the dividend reinvestment feature of The Toro Company Retirement Plan less quarterly non-discretionary administrative fees.

F4: The option vests in three equal annual installments commencing on the first anniversary of the date of grant.