Douglas C. Yearley Jr. - 29 Nov 2021 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role
Chief Executive Officer, Director
Signature
/s/Kathryn G. Flanagan,attorney-in-fact
Issuer symbol
TOL
Transactions as of
29 Nov 2021
Transactions value $
$0
Form type
4
Filing time
03 Dec 2021, 15:14:40 UTC
Next filing
20 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TOL Common Stock Gift $0 -80.5K -32.54% $0.00 167K 29 Nov 2021 Direct F1
transaction TOL Common Stock Gift $0 +80.5K $0.00 80.5K 29 Nov 2021 By SLAT F1
holding TOL Common Stock 1.55K 29 Nov 2021 401(k) Plan
holding TOL Common Stock 500 29 Nov 2021 Trust

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 +52.5K $0.00 52.5K 02 Dec 2021 Common Stock 52.5K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held in a spousal access trust("SLAT") for the benefit of the Reporting Person's immediate family members.
F2 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.
F3 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.