Martin P. Connor - Dec 18, 2023 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Signature
/s/ Michael J. Grubb, attorney-in-fact
Stock symbol
TOL
Transactions as of
Dec 18, 2023
Transactions value $
-$860,012
Form type
4
Date filed
12/19/2023, 04:56 PM
Previous filing
Dec 8, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Options Exercise $0 +20.7K +37.43% $0.00 76K Dec 18, 2023 Direct F1
transaction TOL Common Stock Tax liability -$860K -8.39K -11.04% $102.48 67.6K Dec 18, 2023 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 Options Exercise $0 -20.7K -100% $0.00* 0 Dec 18, 2023 Common Stock 20.7K $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 The performance requirement was met on December 4, 2020. The service requirement was met on December 18, 2023.
F2 These performance based restricted stock units vested 25% on each of December 18, 2020, 2021, 2022 and 2023. Settlement of 100% of earned shares occurred on December 18, 2023.