Form 4 for TOL Toll Brothers, Inc.
Accepted 2021-12-03 00:00:00 ET · period of report 2021-12-02 · accession 0001127602-21-030246 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-12-03 | 2021-12-03 | TOL | Connor Martin P. | CFO | M - OptEx | $35.16 | +3,000 | 40.8K | +8% | +$105.5K |
| D | 2021-12-03 | 2021-12-03 | TOL | Connor Martin P. | CFO | S - Sale+OE | $69.16 | -3,000 | 37.8K | -7% | -$207.5K |
| D | 2021-12-03 | 2021-12-02 | TOL | Connor Martin P. | CFO | A - Grant | $0.00 | +12.5K | 12.5K | New | $0 |
| D | 2021-12-03 | 2021-12-03 | TOL | Connor Martin P. | CFO | M - OptEx | $0.00 | -3,000 | 30.0K | -9% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-03 | M | A | 3,000 | $35.16 | 40,830 | D | — | — | |
| 2 | Common | Common Stock | 2021-12-03 | S | D | 3,000 | $69.16 | 37,830 | D | — | — | |
| 3 | Derivative | Performance Based Restricted Stock Units | 2021-12-02 | A | A | 12,491 | $0.00 | 12,491 | D | $0.00 · 2024-12-21 to 2024-12-21 | 12,491 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. |
| 4 | Derivative | Stock Options (Right to Buy) | 2021-12-03 | M | D | 3,000 | $0.00 | 30,000 | D | $35.16 · 2014-12-20 to 2023-12-20 | 3,000 Common Stock | (F4) Vesting 25% on 12/20/2014, 2015, 2016 and 2017. Exercisable as of vesting date. |