TORO CO — Director's Dealing 2021

Dec 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2021-12-15

Reporting Person: DAHL AMY E (VP, HR & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Common Stock	A	2812	—	Acquired	18221.261	Direct
2021-12-15	Common Stock	F	861	$98.03	Disposed	17360.261	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-16	Non-Qualified Stock Option	$99.34	A	16900	Acquired	2031-12-16	Common Stock (16900)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3722.765	Indirect
Performance Share Units	7139.898	Direct

Footnotes

F1: Represents the payout of a Performance Share Award for the Fiscal 2019 to Fiscal 2021 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 14, 2021, and which was conditioned upon and subject to confirmation by the Issuer's Fiscal 2021 financial results that were released on December 15, 2021. Performance Share Awards are paid in shares of common stock under the Amended and Restated 2010 Plan.

F2: Includes the following shares of common stock acquired by the reporting person since the date of her last report: 26.2390 shares acquired through regular individual and issuer matching contributions to The Toro Company Retirement Plan (the "Plan") and 36.442 net shares acquired under the dividend reinvestment feature of the Plan less quarterly non-discretionary administrative fees.

F3: Includes 65.046 performance share units acquired by the reporting person since the date of her last report under the dividend reinvestment feature of the The Toro Company Deferred Compensation Plan for Officers.

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