JANEY GREGORY S 4

What Happened

• Janey Gregory S, Group Vice President, Landscapes & Contracting at The Toro Company (TTC), exercised stock options and sold shares on March 24, 2026. The filing shows two option exercises that resulted in the acquisition of 3,500 shares at a $56.54 exercise price (2 × 1,750 shares; total exercise cost $197,890). On the same day she sold 3,500 shares in the open market in two blocks (1,750 shares at $95.49 and 1,750 shares at $95.44), generating total gross proceeds of about $334,128.
• The filing also lists two derivative “disposed” entries (2 × 1,750 shares at $0.00). These $0.00 derivative dispositions commonly reflect shares withheld to satisfy tax withholding or similar settlement mechanics related to the option exercise.

Key Details

• Transaction date: 2026-03-24. Exercise price: $56.54; sale prices: $95.49 and $95.44.
• Shares acquired by exercise: 3,500 (2 entries of 1,750). Shares sold in market: 3,500 (2 entries of 1,750). Reported sale proceeds ≈ $334,128; reported exercise cash paid ≈ $197,890.
• Two derivative dispositions of 1,750 shares each at $0.00 are shown (likely share withholding for taxes related to the exercise).
• Footnotes in the filing reference dividend reinvestment, retirement/deferred compensation plan adjustments, restricted stock unit vesting, and option vesting schedules (F1–F8). The filing does not specify additional 10b5-1 or explicit tax-surrender language beyond the $0.00 derivative lines.
• Filing date: 2026-03-26 for transactions on 2026-03-24 — appears to be filed within the typical Form 4 reporting window (i.e., timely).

Context

• This pattern—exercising options and immediately selling shares—is commonly a cashless or sell-to-cover transaction: the insider exercises optioned shares, sells shares in the open market (often to cover the exercise cost and taxes), and some shares may be withheld for tax obligations. Such trades are routine plan- or compensation-related activity and do not, by themselves, indicate the insider’s view of the company’s long-term prospects.
• If you want position size after the trade or more granularity (e.g., whether the sale was part of a 10b5-1 plan), check the full Form 4 filing (accession 0001628280-26-021265) for tables that list post-transaction holdings and any additional footnote detail.