Martin P. Connor - Dec 19, 2024 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 19, 2024
Transactions value $
-$602,035
Form type
4
Date filed
12/23/2024, 04:07 PM
Previous filing
Dec 13, 2024
Next filing
Dec 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +12.5K +51.9% $0.00 36.6K Dec 21, 2024 Direct F1
transaction TOL Common Stock Tax liability -$602K -4.8K -13.13% $125.45 31.8K Dec 21, 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 Restricted Stock Units Award $0 +9.27K $0.00 9.27K Dec 19, 2024 Common Stock 9.27K $0.00 Direct F2
transaction TOL Performance Based Restricted Stock Units Options Exercise $0 -12.5K -100% $0.00 0 Dec 21, 2024 Common Stock 12.5K $0.00 Direct F1, F3
* 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 2, 2021. The service requirement was met on December 21, 2024.
F2 These restricted stock units vest 25% on each of December 1, 2025, 2026, 2027 and 2028. Settlement of 100% of these shares will occur on December 1, 2028.
F3 These performance based restricted stock units vested 25% on each of December 21, 2021, 2022, 2023 and 2024. Settlement of 100% of the earned shares occurred on December 21, 2024.