Douglas C. Yearley Jr. - Jul 14, 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
Jul 14, 2023
Transactions value $
-$1,015,282
Form type
4
Date filed
7/14/2023, 05:05 PM
Previous filing
Jul 13, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $650K +20K +8.11% $32.49 267K Jul 14, 2023 Direct
transaction TOL Common Stock Sale -$1.67M -20K -7.5% $83.25 247K Jul 14, 2023 Direct F1
holding TOL Common Stock 1.55K Jul 14, 2023 401(k) Plan
holding TOL Common Stock 500 Jul 14, 2023 Trust
holding TOL Common Stock 80.5K Jul 14, 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 Stock Options (Right to Buy) Options Exercise $0 -20K -33.33% $0.00 40K Jul 14, 2023 Common Stock 20K $32.49 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $83.145 to $83.35. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F2 Vested 25% on 12/19/2015, 2016, 2017 and 2018. Exercisable as of the vesting date.