Filing Details
- Accession Number:
- 0001127602-23-029131
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-08 16:10:10
- Reporting Period:
- 2023-12-07
- Accepted Time:
- 2023-12-08 16:10:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 794170 | Toll Brothers Inc. | TOL | Operative Builders (1531) | 232416878 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1792406 | Robert Parahus | 1140 Virginia Drive Fort Washington PA 19034 | President & Coo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-12-07 | 3,531 | $0.00 | 36,883 | No | 4 | A | Direct | |
| Common Stock | Acquisiton | 2023-12-07 | 4,250 | $32.49 | 41,133 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2023-12-07 | 9,000 | $32.85 | 50,133 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-12-07 | 13,250 | $90.57 | 36,883 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-07 | 12,194 | $90.74 | 24,689 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-12-07 | 1,453 | $88.90 | 23,236 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Based Restricted Stock Units | Acquisiton | 2023-12-07 | 12,360 | $0.00 | 12,360 | $0.00 |
| Common Stock | Stock Options (Right to Buy) | Disposition | 2023-12-07 | 4,250 | $0.00 | 4,250 | $32.49 |
| Common Stock | Stock Options (Right to Buy) | Disposition | 2023-12-07 | 9,000 | $0.00 | 9,000 | $32.85 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 12,360 | 2026-12-19 | 2026-12-19 | No | 4 | A | Direct |
| 0 | 2015-12-19 | 2024-12-19 | No | 4 | M | Direct |
| 0 | 2016-12-18 | 2025-12-18 | No | 4 | M | Direct |
Footnotes
- Reflects the number of shares earned in respect of ROE-based performance restricted stock units originally granted on December 21, 2020. On December 7, 2023, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metrics, which measured return on equity (ROE) of the Issuer over the three year period from November, 1 2020 to October 31, 2023. Settlement of the shares will occur on December 21, 2023.
- Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $90.32 to $90.875. The reporting person hereby undertakes to provideupon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $90.655 to $90.925. The reporting person hereby undertakes to provideupon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 19, 2022. On December 7, 2023, 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.
- These performance based restricted stock units vest 25% on each December 19, 2023, 2024, 2025 and 2026. Settlement of 100% of the earned shares is scheduled to occur on December 19, 2026.
- Vested 25% on 12/19/2015, 12/19/2016, 12/19/2017 and 12/19/2018. Exercisable as of the vesting date.
- Vested 25% on 12/18/2016, 12/18/2017, 12/18/2018 and 12/18/2019. Exercisable as of the vesting date.
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