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

Role
Chief Executive Officer, Director
Signature
/s/ Michael J. Grubb, attorney-in-fact
Stock symbol
TOL
Transactions as of
Dec 19, 2024
Transactions value $
-$2,677,730
Form type
4
Date filed
12/23/2024, 04:11 PM
Previous filing
Dec 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +52.5K +18.76% $0.00 332K Dec 21, 2024 Direct F1
transaction TOL Common Stock Tax liability -$2.68M -21.3K -6.42% $125.45 311K Dec 23, 2024 Direct
holding TOL Common Stock 1.55K Dec 19, 2024 401(k) Plan
holding TOL Common Stock 500 Dec 19, 2024 Trust
holding TOL Common Stock 80.5K Dec 19, 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 +34.7K $0.00 34.7K Dec 19, 2024 Common Stock 34.7K $0.00 Direct F2
transaction TOL Performance Based Restricted Stock Units Options Exercise $0 -52.5K -100% $0.00 0 Dec 21, 2024 Common Stock 52.5K $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.