Douglas C. Yearley Jr. - Dec 18, 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Executive Officer, Director
Signature: /s/Kathryn G. Flanagan,attorney-in-fact
Stock symbol: TOL
Transactions as of: Dec 18, 2021
Transactions value $: -$1,975,254
Form type: 4
Date filed: 12/20/2021, 02:28 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	+71.8K	+43.02%	$0.00	239K	Dec 18, 2021	Direct	F1
transaction	TOL	Common Stock	Tax liability	-$1.98M	-28.8K	-12.07%	$68.54	210K	Dec 18, 2021	Direct
holding	TOL	Common Stock						1.55K	Dec 18, 2021	401(k) Plan
holding	TOL	Common Stock						500	Dec 18, 2021	Trust
holding	TOL	Common Stock						80.5K	Dec 18, 2021	By SLAT

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	-71.8K	-100%	$0.00^*	0	Dec 18, 2021	Common Stock	71.8K	$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.