Martin P. Connor - Dec 9, 2022 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
Chief Financial Officer
Signature
/s/ Michael J. Grubb, attorney-in-fact
Stock symbol
TOL
Transactions as of
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/9/2022, 04:05 PM
Previous filing
Oct 26, 2022
Next filing
Dec 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Award $0 +8.9K +25.74% $0.00 43.5K Dec 9, 2022 Direct F1

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 Award $0 +7.79K +100% $0.00 15.6K Dec 9, 2022 Common Stock 7.79K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the number of shares earned in respect of TSR-based performance restricted stock units originally granted on December 18, 2019. On December 9, 2022, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metric, which measured total shareholder return (TSR) of the Issuer over the three year period from November, 1 2019 to October 31, 2022 relative to the TSR of each of a peer group of companies. Settlement of the shares will occur on December 18, 2022.
F2 Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 20, 2021. On December 9, 2022, the Compensation Committee of the Board of Directors certified the achievement levels of the operational metrics applicable to the award and the number of shares earned based on such results. One quarter of the shares earned vest each anniversary of the grant date, with settlement of 100% of the award on the fourth anniversary.
F3 These performance based restricted stock units vest 25% on each December 20, 2022, 2023, 2024 and 2025. Settlement of 100% of the earned shares is scheduled to occur on December 20, 2025.