Robert I. Toll - Dec 18, 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
Director
Signature
/s/Kathryn G. Flanagan,attorney-in-fact
Stock symbol
TOL
Transactions as of
Dec 18, 2021
Transactions value $
-$677,381
Form type
4
Date filed
12/20/2021, 02:17 PM
Previous filing
Jul 8, 2021
Next filing
Dec 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +24K +0.77% $0.00 3.15M Dec 18, 2021 Robert I. Toll Revocable Trust F1
transaction TOL Common Stock Tax liability -$677K -9.88K -0.31% $68.54 3.14M Dec 18, 2021 Robert I. Toll Revocable Trust
holding TOL Common Stock 3.93M Dec 18, 2021 Direct
holding TOL Common Stock 203K Dec 18, 2021 Trusts
holding TOL Common Stock 1.88K Dec 18, 2021 401(k) Plan

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 Options Exercise $0 -24K -100% $0.00* 0 Dec 18, 2021 Common Stock 24K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance requirement was met on December 3, 2018. The service requirement was met on 12/18/2021.
F2 These performance-based restricted stock units vest 25% on each of December 18, 2018, 2019, 2020 and 2021. Settlement of 100% of earned shares is scheduled to occur on 12/18/2021.