TTC - Options Movement At Toro: Richard Olson Exercises Worth $1.27M | Benzinga
In a new SEC filing on June 25, it was revealed that Olson, Chairman & CEO at Toro (NYSE:TTC), executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Olson, Chairman & CEO at Toro, executed a strategic derivative sale. This involved exercising stock options for 20,000 shares of TTC, resulting in a transaction value of $1,272,100.
Toro shares are trading down 0.0% at $94.98 at the time of this writing on Tuesday morning. Since the current price is $94.98, this makes Olson's 20,000 shares worth $1,272,100.
About 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 ...