Douglas C. Yearley Jr. - Dec 1, 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: Dec 1, 2023
Transactions value $: -$1,722,782
Form type: 4
Date filed: 12/5/2023, 04:13 PM
Previous filing: Jul 14, 2023
Next filing: Dec 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+49.4K	+20.02%	$0.00	296K	Dec 1, 2023	Direct
transaction	TOL	Common Stock	Tax liability	-$1.72M	-20.1K	-6.78%	$85.89	276K	Dec 1, 2023	Direct
holding	TOL	Common Stock						1.55K	Dec 1, 2023	401(k) Plan
holding	TOL	Common Stock						500	Dec 1, 2023	Trust
holding	TOL	Common Stock						80.5K	Dec 1, 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	Restricted Stock Units	Options Exercise	$0	-49.4K	-100%	$0.00^*	0	Dec 1, 2023	Common Stock	49.4K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units vested 25% on each December 1, 2020, 2021, 2022 and 2023. Settlement of 100% of these shares occurred on December 1, 2023.