TTC - Major Decision: Lee Gary Ellis Exercises Options Realizing $298K At Toro | Benzinga
In a new SEC filing on March 18, it was revealed that Ellis, Board Member at Toro (NYSE:TTC), executed a significant exercise of company stock options.
What Happened: Ellis, Board Member at Toro, made a strategic move by exercising stock options for 5,192 shares of TTC as detailed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission. The transaction value amounted to $298,488.
The Tuesday morning market activity shows Toro shares down by 0.65%, trading at $88.35. This implies a total value of $298,488 for Ellis's 5,192 shares.
Unveiling the Story Behind Toro
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 ...