A large exercise of company stock options by Margeaux King, VP at Toro (NYSE:TTC) was disclosed in a new SEC filing on December 28, as part of an insider exercise.
What Happened: In an insider options sale disclosed in a Form 4 filing on Thursday with the U.S. Securities and Exchange Commission, King, VP at Toro, exercised stock options for 0 shares of TTC. The transaction value amounted to $0.
Toro shares are trading down 0.53% at $96.34 at the time of this writing on Friday morning. Since the current price is $96.34, this makes King's 0 shares worth $0.
All You Need to Know 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 States.
Toro: A Financial Overview
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