Robert Parahus - 11 Dec 2024 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
President & COO
Signature
/s/ Michael J. Grubb, attorney-in-fact
Issuer symbol
TOL
Transactions as of
11 Dec 2024
Net transactions value
-$199,035
Form type
4
Filing time
13 Dec 2024, 16:04:40 UTC
Previous filing
03 Dec 2024
Next filing
23 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Award $0 +3,139 +13% $0.000000 28,020 11 Dec 2024 Direct F1
transaction TOL Common Stock Tax liability $199,035 -1,367 -4.9% $145.60 26,653 11 Dec 2024 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 Award $0 +7,716 $0.000000 7,716 11 Dec 2024 Common Stock 7,716 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the number of shares earned in respect of ROE-based performance restricted stock units originally granted on December 20, 2021. On December 5, 2024, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metrics, which measured return on equity (ROE) of the Issuer over the three-year period from November, 1 2021 to October 31, 2024. Settlement of the shares occurred on December 11, 2024.
F2 Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 20, 2023. On December 11, 2024, the Compensation Committee of the Board of Directors certified the achievement levels of the operational metrics applicable to the award and the number of shares earned based on such results. One quarter of the shares earned vest each anniversary of the grant date, with settlement of 100% of the award on the fourth anniversary.
F3 These performance-based restricted stock units vest 25% on each of December 20, 2024, 2025, 2026 and 2027. Settlement of 100% of earned shares is scheduled to occur on December 20, 2027.