Martin P. Connor - 18 Dec 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Financial Officer
Signature: /s/Kathryn G. Flanagan,attorney-in-fact
Issuer symbol: TOL
Transactions as of: 18 Dec 2021
Net transactions value: -$493,008
Form type: 4
Filing time: 20 Dec 2021, 14:23:58 UTC
Previous filing: 03 Dec 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	+17,924	+47%	$0.000000	55,754	18 Dec 2021	Direct	F1
transaction	TOL	Common Stock	Tax liability	$493,008	-7,193	-13%	$68.54	48,561	18 Dec 2021	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	Options Exercise	$0	-17,924	-100%	$0.000000^*	0	18 Dec 2021	Common Stock	17,924	$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.