Form 4 for TOL Toll Brothers, Inc.
Accepted 2022-12-09 00:00:00 ET · period of report 2022-12-08 · accession 0001127602-22-027211 · 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 | 2022-12-09 | 2022-12-09 | TOL | Yearley Douglas C. Jr. | CEO, Dir | A - Grant | $0.00 | +34.7K | 194.6K | +22% | $0 |
| D | 2022-12-09 | 2022-12-08 | TOL | Yearley Douglas C. Jr. | CEO, Dir | M - OptEx | $32.22 | +1,359 | 161.3K | +0.8% | +$43.8K |
| D | 2022-12-09 | 2022-12-08 | TOL | Yearley Douglas C. Jr. | CEO, Dir | S - Sale+OE | $49.82 | -1,359 | 159.9K | -0.8% | -$67.7K |
| D | 2022-12-09 | 2022-12-09 | TOL | Yearley Douglas C. Jr. | CEO, Dir | A - Grant | $0.00 | +33.9K | 67.8K | +100% | $0 |
| D | 2022-12-09 | 2022-12-08 | TOL | Yearley Douglas C. Jr. | CEO, Dir | M - OptEx | $0.00 | -1,359 | 148.6K | -0.9% | $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 | 2022-12-09 | A | A | 34,728 | $0.00 | 194,647 | D | — | — | (F3) Reflects the number of shares earned in respect of TSR-based performance restricted stock units originally granted on December 18, 2019. On December 9, 2022, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metric, which measured total shareholder return (TSR) of the Issuer over the three year period from November, 1 2019 to October 31, 2022 relative to the TSR of each of a peer group of companies. Settlement of the shares will occur on December 18, 2022. |
| 2 | Common | Common Stock | 2022-12-08 | M | A | 1,359 | $32.22 | 161,278 | D | — | — | |
| 3 | Common | Common Stock | 2022-12-08 | S | D | 1,359 | $49.82 | 159,919 | D | — | — | (F1) The Reporting person will provide, upon request by SEC staff, the issuer or a security holder, the full information about the number of shares sold at each separate sales price. (F2) Weighted-average sales price. Actual sale prices ranged from $49.82 to $49.84. |
| 4 | Derivative | Performance Based Restricted Stock Units | 2022-12-09 | A | A | 33,887 | $0.00 | 67,774 | D | $0.00 · 2025-12-20 to 2025-12-25 | 33,887 Common Stock | (F5) Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 20, 2021. On December 9, 2022, 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. |
| 5 | Derivative | Stock Options (Right to Buy) | 2022-12-08 | M | D | 1,359 | $0.00 | 148,641 | D | $32.22 · 2013-12-17 to 2022-12-17 | 1,359 Common Stock | (F4) Vested 25% on 12/17/2013, 2014, 2015 and 2016. Exercisable as of vesting date. |