Martin P. Connor - Dec 1, 2023 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 1, 2023
Transactions value $: -$440,272
Form type: 4
Date filed: 12/5/2023, 04:15 PM
Previous filing: Sep 1, 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	+12.6K	+29.81%	$0.00	55.1K	Dec 1, 2023	Direct
transaction	TOL	Common Stock	Tax liability	-$440K	-5.13K	-9.31%	$85.89	49.9K	Dec 1, 2023	Direct

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	-12.6K	-100%	$0.00^*	0	Dec 1, 2023	Common Stock	12.6K	$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.