Toro CEO Sells Over $11.9M in Company Stock

Richard Olson disposes of 119,400 shares in the lawn and garden equipment manufacturer

Mar. 13, 2026 at 4:04pm

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Toro Company CEO Richard Olson sold 119,400 shares of the company's stock on Tuesday, March 10th, for a total value of $11,957,910. The sale represents a 75.77% decrease in Olson's position, leaving him with 38,186 shares valued at $3,824,327.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.

Why it matters

Insider transactions, particularly large sales by top executives, can provide insight into a company's outlook and performance. Olson's substantial stock sale may signal his confidence in Toro's future or a desire to diversify his personal holdings, though the reasons are not explicitly stated.

The details

Olson sold the 119,400 Toro shares at an average price of $100.15 per share. Toro is a manufacturer of lawn mowers, utility vehicles, snow throwers, irrigation systems, and other outdoor equipment for residential, commercial, and professional markets. The company has a market capitalization of $9.21 billion and its stock trades on the New York Stock Exchange under the ticker symbol TTC.

  • The stock sale occurred on Tuesday, March 10, 2026.

The players

Richard Olson

The CEO of Toro Company, a leading manufacturer of outdoor equipment and machinery.

Toro Company

A publicly traded company that designs, manufactures, and markets a broad range of outdoor environment equipment for residential, commercial, and professional markets.

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The takeaway

Olson's substantial stock sale, representing over 75% of his position, suggests he may be taking some chips off the table, though the reasons behind the transaction are not entirely clear. Investors will likely be watching to see if this signals any broader changes or concerns at Toro.