A significant insider transaction involving the exercise of company stock options was reported on December 28, by Kevin Carpenter, VP at Toro (NYSE:TTC), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday revealed that Carpenter, VP at Toro in the Industrials sector, exercised stock options for 0 shares of TTC stock. The exercise price of the options was $0.0 per share.
Currently, Toro shares are trading down 0.0%, priced at $96.85 during Friday's morning. This values Carpenter's 0 shares at $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 Economic Impact: An Analysis
Revenue Challenges: Toro's revenue growth over 3 months ...