Douglas C. Yearley Jr. - Nov 29, 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Executive Officer, Director
Signature: /s/Kathryn G. Flanagan,attorney-in-fact
Stock symbol: TOL
Transactions as of: Nov 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/3/2021, 03:14 PM
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Gift	$0	-80.5K	-32.54%	$0.00	167K	Nov 29, 2021	Direct	F1
transaction	TOL	Common Stock	Gift	$0	+80.5K		$0.00	80.5K	Nov 29, 2021	By SLAT	F1
holding	TOL	Common Stock						1.55K	Nov 29, 2021	401(k) Plan
holding	TOL	Common Stock						500	Nov 29, 2021	Trust

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	+52.5K		$0.00	52.5K	Dec 2, 2021	Common Stock	52.5K	$0.00	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares are held in a spousal access trust("SLAT") for the benefit of the Reporting Person's immediate family members.
F2	Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 21, 2020. On December 2, 2021, the 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 21, 2021, 2022, 2023 and 2024. Settlement of 100% of the earned shares is scheduled to occur on December 21, 2024.