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

Role: Chief Financial Officer
Signature: /s/Kathryn G. Flanagan,attorney-in-fact
Stock symbol: TOL
Transactions as of: Dec 18, 2021
Transactions value $: -$493,008
Form type: 4
Date filed: 12/20/2021, 02:23 PM
Previous filing: Dec 3, 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	+17.9K	+47.38%	$0.00	55.8K	Dec 18, 2021	Direct	F1
transaction	TOL	Common Stock	Tax liability	-$493K	-7.19K	-12.9%	$68.54	48.6K	Dec 18, 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	-17.9K	-100%	$0.00^*	0	Dec 18, 2021	Common Stock	17.9K	$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.