Form 4 for TOL Toll Brothers, Inc.
Accepted 2023-12-08 00:00:00 ET · period of report 2023-12-07 · accession 0001127602-23-029135 · 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 | 2023-12-08 | 2023-12-07 | TOL | Connor Martin P. | CFO | A - Grant | $0.00 | +9,043 | 59.0K | +18% | $0 |
| D | 2023-12-08 | 2023-12-07 | TOL | Connor Martin P. | CFO | F - Tax | $88.90 | -3,667 | 55.3K | -6% | -$326.0K |
| D | 2023-12-08 | 2023-12-07 | TOL | Connor Martin P. | CFO | A - Grant | $0.00 | +14.8K | 14.8K | New | $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 | 2023-12-07 | A | A | 9,043 | $0.00 | 58,973 | D | — | — | (F1) 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. |
| 2 | Common | Common Stock | 2023-12-07 | F | D | 3,667 | $88.90 | 55,306 | D | — | — | |
| 3 | Derivative | Performance Based Restricted Stock Units | 2023-12-07 | A | A | 14,831 | $0.00 | 14,831 | D | $0.00 · 2026-12-19 to 2026-12-19 | 14,831 Common Stock | (F2) 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. (F3) These performance-based restricted stock units vest 25% on each of December 19, 2023, 2024, 2025 and 2026. Settlement of 100% of earned shares is scheduled to occur on December 19, 2026. |