TTC - Kurt Svendsen Decides To Exercise Options At Toro | Benzinga
Kurt Svendsen, VP at Toro (NYSE:TTC), reported a large exercise of company stock options on December 28, according to a new SEC filing.
What Happened: Disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, Svendsen, VP at Toro, executed a strategic derivative sale. This involved exercising stock options for 0 shares of TTC, resulting in a transaction value of $0.
During Friday's morning session, Toro shares down by 0.53%, currently priced at $96.34. Considering the current price, Svendsen's 0 shares have a total value of $0.
Delving into Toro's Background
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
Toro's Financial Performance
Revenue Growth: Toro's revenue growth over a ...