Form 4 for TOL Toll Brothers, Inc.
Accepted 2022-12-09 00:00:00 ET · period of report 2022-12-09 · accession 0001127602-22-027215 · 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 | Parahus Robert | Pres, COO | A - Grant | $0.00 | +3,205 | 30.8K | +12% | $0 |
| D | 2022-12-09 | 2022-12-09 | TOL | Parahus Robert | Pres, COO | A - Grant | $0.00 | +4,518 | 9,036 | +100% | $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 | 3,205 | $0.00 | 30,826 | D | — | — | (F1) 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 | Derivative | Performance Based Restricted Stock Units | 2022-12-09 | A | A | 4,518 | $0.00 | 9,036 | D | $0.00 · 2025-12-20 to 2025-12-20 | 4,518 Common Stock | (F2) 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. (F3) These performance based restricted stock units vest 25% on each December 20, 2022, 2023, 2024 and 2025. Settlement of 100% of the earned shares is scheduled to occur on December 20, 2025. |