Douglas C. Yearley Jr. - 18 Dec 2023 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: 18 Dec 2023
Transactions value $: -$3,365,546
Form type: 4
Filing time: 19 Dec 2023, 16:58:02 UTC
Previous filing: 15 Dec 2023
Next filing: 22 Dec 2023
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	+80.8K	+27.08%	$0.00	379K	18 Dec 2023	Direct	F1
transaction	TOL	Common Stock	Tax liability	-$3.37M	-32.8K	-8.66%	$102.48	346K	18 Dec 2023	Direct
holding	TOL	Common Stock						1.55K	18 Dec 2023	401(k) Plan
holding	TOL	Common Stock						500	18 Dec 2023	Trust
holding	TOL	Common Stock						80.5K	18 Dec 2023	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	Performance Based Restricted Stock Units	Options Exercise	$0	-80.8K	-100%	$0.00^*	0	18 Dec 2023	Common Stock	80.8K	$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.