TORO CO — Director's Dealing 2021

Jan 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TORO CO (TTC)
CIK: 0000737758
Period of Report: 2020-12-21

Reporting Person: HARLESS KATHERINE J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-21	Common Stock	G	19327	—	Disposed	65163.653	Direct
2021-01-15	Common Stock Units	D	1338.118	—	Disposed	3727.656	Direct
2021-01-15	Common Stock	A	1338	—	Acquired	64827.042	Direct

Footnotes

F1: Represents the payout of 1,268 shares of common stock and 70.118 related dividend reinvestment shares in connection with an annual common stock award for service as a non-employee director issued under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended. The reporting person previously deferred the payout of her common stock award under The Toro Company Deferred Compensation Plan for Non-Employee Directors (the "Deferred Plan") and, accordingly, the reporting person's annual common stock award was initially paid in common stock units under the Deferred Plan. A common stock unit under the Deferred Plan is the economic equivalent of one share of Toro common stock. The reporting person previously elected to receive a single lump sum distribution, payable in January 2021 under the terms of the Deferred Plan, and, therefore, the common stock units were settled for shares of Toro common stock.

F2: Includes 9.735 common stock units acquired by the reporting person under the dividend reinvestment feature of the Deferred Plan since the date of her last report.

F3: Includes 4.389 shares of common stock acquired by the reporting person since the date of her last report under the dividend reinvestment feature of The Toro Company Direct Stock Purchase Plan.