Robert Parahus - 17 Dec 2025 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: President & COO
Signature: /s/ Michael J. Grubb, attorney-in-fact
Issuer symbol: TOL
Transactions as of: 17 Dec 2025
Net transactions value: -$426,965
Form type: 4
Filing time: 19 Dec 2025, 16:11:50 UTC
Previous filing: 02 Dec 2025
Next filing: 23 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Parahus Robert	President & COO	1140 VIRGINIA DRIVE, FORT WASHINGTON	/s/ Michael J. Grubb, attorney-in-fact	19 Dec 2025	0001792406

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Award	$0	+7,483	+31%	$0.000000	31,557	17 Dec 2025	Direct	F1
transaction	TOL	Common Stock	Tax liability	$426,965	-3,079	-9.8%	$138.67	28,478	17 Dec 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TOL	Performance Based Restricted Stock Units	Award	$0	+5,829		$0.000000	5,829	17 Dec 2025	Common Stock	5,829	$0.000000	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the number of shares earned in respect of ROE-based performance restricted stock units originally granted on December 19, 2022. On December 17, 2025, the Executive Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metrics, which measured return on equity (ROE) of the Issuer over the three-year period from November, 1 2022 to October 31, 2025. Settlement of the shares occurred on December 19, 2025.
F2	Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 19, 2024. On December 17, 2025, the Executive Compensation Committee of the Board of Directors certified the achievement levels of the operational metrics applicable to the award and the number of shares earned based on such results. One quarter of the shares earned vest each anniversary of the grant date, with settlement of 100% of the award on the fourth anniversary.
F3	These performance-based restricted stock units vest 25% on each of December 19, 2025, 2026, 2027 and 2028. Settlement of 100% of earned shares is scheduled to occur on December 19, 2028.