Martin P. Connor - 02 Dec 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Signature
/s/Kathryn G. Flanagan,attorney-in-fact
Issuer symbol
TOL
Transactions as of
02 Dec 2021
Net transactions value
-$102,000
Form type
4
Filing time
03 Dec 2021, 15:16:59 UTC
Previous filing
11 May 2021
Next filing
20 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $105,480 +3,000 +7.9% $35.16 40,830 03 Dec 2021 Direct F1
transaction TOL Common Stock Sale $207,480 -3,000 -7.3% $69.16 37,830 03 Dec 2021 Direct F1

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 +12,491 $0.000000 12,491 02 Dec 2021 Common Stock 12,491 $0.000000 Direct F2, F3
transaction TOL Stock Options (Right to Buy) Options Exercise $0 -3,000 -9.1% $0.000000 30,000 03 Dec 2021 Common Stock 3,000 $35.16 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in March, 2021.
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.
F4 Vesting 25% on 12/20/2014, 2015, 2016 and 2017. Exercisable as of vesting date.