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

Role
Director
Signature
/s/Kathryn G. Flanagan,attorney-in-fact
Issuer symbol
TOL
Transactions as of
18 Dec 2021
Net transactions value
-$677,381
Form type
4
Filing time
20 Dec 2021, 14:17:57 UTC
Previous filing
08 Jul 2021
Next filing
22 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +24,043 +0.77% $0.000000 3,148,342 18 Dec 2021 Robert I. Toll Revocable Trust F1
transaction TOL Common Stock Tax liability $677,381 -9,883 -0.31% $68.54 3,138,459 18 Dec 2021 Robert I. Toll Revocable Trust
holding TOL Common Stock 3,930,001 18 Dec 2021 Direct
holding TOL Common Stock 202,957 18 Dec 2021 Trusts
holding TOL Common Stock 1,881 18 Dec 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 -24,043 -100% $0.000000* 0 18 Dec 2021 Common Stock 24,043 $0.000000 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.