Martin P. Connor - Dec 18, 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 18, 2023
Transactions value $: -$860,012
Form type: 4
Date filed: 12/19/2023, 04:56 PM
Previous filing: Dec 8, 2023
Next filing: Dec 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+20.7K	+37.43%	$0.00	76K	Dec 18, 2023	Direct	F1
transaction	TOL	Common Stock	Tax liability	-$860K	-8.39K	-11.04%	$102.48	67.6K	Dec 18, 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	Performance Based Restricted Stock Units	Options Exercise	$0	-20.7K	-100%	$0.00^*	0	Dec 18, 2023	Common Stock	20.7K	$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 4, 2020. The service requirement was met on December 18, 2023.
F2	These performance based restricted stock units vested 25% on each of December 18, 2020, 2021, 2022 and 2023. Settlement of 100% of earned shares occurred on December 18, 2023.