Douglas C. Yearley Jr. - Jan 28, 2023 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Executive Officer, Director
Signature: /s/ Michael J. Grubb, attorney-in-fact
Stock symbol: TOL
Transactions as of: Jan 28, 2023
Transactions value $: -$2,033,557
Form type: 4
Date filed: 1/30/2023, 03:27 PM
Previous filing: Dec 20, 2022
Next filing: Jun 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+101K	+56.04%	$0.00	282K	Jan 28, 2023	Direct	F1
transaction	TOL	Common Stock	Tax liability	-$2.03M	-35.4K	-12.57%	$57.39	247K	Jan 28, 2023	Direct
holding	TOL	Common Stock						1.55K	Jan 28, 2023	401(k) Plan
holding	TOL	Common Stock						500	Jan 28, 2023	Trust
holding	TOL	Common Stock						80.5K	Jan 28, 2023	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	-101K	-100%	$0.00^*	0	Jan 28, 2023	Common Stock	101K	$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 11, 2019. The service requirement was met on 1/28/2023.
F2	These performance based restricted stock units vested 25% on each January 28, 2020, 2021, 2022 and 2023. Settlement of 100% of earned shares occurred on 1/28/2023.