Douglas C. Yearley Jr. - 19 Dec 2024 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
Chief Executive Officer, Director
Signature
/s/ Michael J. Grubb, attorney-in-fact
Issuer symbol
TOL
Transactions as of
19 Dec 2024
Net transactions value
-$2,677,730
Form type
4
Filing time
23 Dec 2024, 16:11:48 UTC
Previous filing
13 Dec 2024
Next filing
02 Sep 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +52,520 +19% $0.000000 332,462 21 Dec 2024 Direct F1
transaction TOL Common Stock Tax liability $2,677,730 -21,345 -6.4% $125.45 311,117 23 Dec 2024 Direct
holding TOL Common Stock 1,547 19 Dec 2024 401(k) Plan
holding TOL Common Stock 500 19 Dec 2024 Trust
holding TOL Common Stock 80,500 19 Dec 2024 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 Award $0 +34,733 $0.000000 34,733 19 Dec 2024 Common Stock 34,733 $0.000000 Direct F2
transaction TOL Performance Based Restricted Stock Units Options Exercise $0 -52,520 -100% $0.000000 0 21 Dec 2024 Common Stock 52,520 $0.000000 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.