Form 4 for TOL Toll Brothers, Inc.

Accepted 2021-12-03 00:00:00 ET · period of report 2021-11-29 · accession 0001127602-21-030242 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2021-12-03	2021-11-29	TOL	Yearley Douglas C. Jr.	CEO, Dir	G - Gift	$0.00	+80.5K	80.5K	New	$0
D	2021-12-03	2021-11-29	TOL	Yearley Douglas C. Jr.	CEO, Dir	G - Gift	$0.00	-80.5K	166.9K	-33%	$0
D	2021-12-03	2021-12-02	TOL	Yearley Douglas C. Jr.	CEO, Dir	A - Grant	$0.00	+52.5K	52.5K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-11-29	G	A	80,500	$0.00	80,500	I	—	—	(F1) The shares are held in a spousal access trust("SLAT") for the benefit of the Reporting Person's immediate family members.
2	Common	Common Stock	2021-11-29	G	D	80,500	$0.00	166,925	D By SLAT	—	—	(F1) The shares are held in a spousal access trust("SLAT") for the benefit of the Reporting Person's immediate family members.
3	Derivative	Performance Based Restricted Stock Units	2021-12-02	A	A	52,520	$0.00	52,520	D	$0.00 · 2024-12-21 to 2024-12-21	52,520 Common Stock	(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.