Robert Parahus - Dec 2, 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
President & COO
Signature
/s/Kathryn G. Flanagan,attorney-in-fact
Stock symbol
TOL
Transactions as of
Dec 2, 2021
Transactions value $
$0
Form type
4
Date filed
12/3/2021, 03:01 PM
Previous filing
Dec 3, 2021
Next filing
Dec 22, 2021

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 +4.88K $0.00 4.88K Dec 2, 2021 Common Stock 4.88K $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 Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 21, 2020. On December 2, 2021, 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.
F2 These performance based restricted stock units vest 25% on each of December 21, 2021, 2022, 2023 and 2024. Settlement of 100% of the earned shares is scheduled to occur on December 21, 2024.