{"url_path":"/sec/ttc/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-04","source_url":"https://www.sec.gov/Archives/edgar/data/737758/0000737758-26-000018-index.html","accession_number":"0000737758-26-000018","cik":"0000737758","ticker":"TTC","issuer_name":"TORO CO","edgar_url":"https://www.sec.gov/Archives/edgar/data/737758/0000737758-26-000018-index.html","primary_entity_key":"0000737758","primary_entity_name":"TORO CO"},"word_count":369,"has_tables":true,"body_markdown":"ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS\n\nPeriodically, the company's Board of Directors authorizes the repurchase of shares of the company's common stock in open-market or privately negotiated transactions under the company's stock repurchase program. The stock repurchase program has no expiration date but may be terminated by the company's Board of Directors at any time. Shares of the company's common stock surrendered by employees to satisfy minimum tax withholding obligations upon vesting of certain stock-based compensation awards are not a part of the stock repurchase program. The following table sets forth information with respect to shares of the company's common stock repurchased by the company during each of the three fiscal months in the company's second quarter ended May 1, 2026:\n\nPeriod\nTotal Number of Shares (or Units) Repurchased1,2,3\nAverage Price Paid per Share (or Unit)\nTotal Number of Shares (or Units) \n\nRepurchased As Part of Publicly Announced Plans or Programs1,2\n\nMaximum Number of Shares (or Units) that May Yet Be Repurchased Under the Plans or Programs1,2\n\nJanuary 31, 2026 through February 27, 2026185,969 $96.53 185,969 9,074,169 \n\nFebruary 28, 2026 through April 3, 20261,478,856 95.46 1,478,856 7,595,313 \n\nApril 4, 2026 through May 1, 2026329,987 94.61 328,777 7,266,536 \n\nTotal1,994,812 $95.42 1,993,602  \n\n1    On December 10, 2024, the company’s Board of Directors authorized the repurchase of up to an additional 4,000,000 shares of common stock under the stock repurchase program. The company repurchased 1,993,602 shares under this tranche of the stock repurchase program during the period indicated above and as a result, 1,266,536 shares remained available to repurchase as of May 1, 2026.\n\n2    On December 9, 2025, the company’s Board of Directors authorized the repurchase of up to an additional 6,000,000 shares of common stock under the stock repurchase program. No shares of common stock were repurchased under this tranche of the stock repurchase program during the time period indicated above.\n\n3    Includes 1,210 shares of the company’s common stock repurchased in open-market transactions at an average price of $96.99 per share on behalf of a rabbi trust formed to pay benefit obligations of the company to participants in the company's deferred compensation plans. These 1,210 shares were not repurchased under the stock repurchase program."}