Toll Brothers (NYSE: TOL) CEO details RSU and stock holdings in Form 3

Rhea-AI Filing Summary

Toll Brothers, Inc. director and Chief Executive Officer Karl K. Mistry reported his initial ownership on a Form 3. He directly holds 162 shares of common stock acquired under the company’s Employee Stock Purchase Plan before becoming an officer, plus multiple blocks of restricted stock units (RSUs) tied to common shares. These RSUs cover amounts such as 7,484, 4,727, 4,652, 4,338, 9,634 and 53,100 underlying shares, with vesting schedules that generally occur in equal installments on specified December 1 or March 1 dates, and full settlement on stated future settlement dates.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider Mistry Karl K.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 7,484 shares (Direct); Common Stock — 162 shares (Direct)

Footnotes (1)

1. Includes 162 shares acquired under the Company's Employee Stock Purchase Plan prior to the reporting person becoming an officer. These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will occur on December 1, 2026. These restricted stock units vest 25% on each of December 1, 2025, 2026, 2027 and 2028. Settlement of 100% of these shares will occur on December 1, 2028. These restricted stock units vest 25% on each of December 1, 2024, 2025, 2026 and 2027. Settlement of 100% of these shares will occur on December 1, 2027. These restricted stock units vest 25% on each of December 1, 2026, 2027, 2028 and 2029. Settlement of 100% of these shares will occur on December 1, 2029. These restricted stock units vest 50% on each of March 1, 2026 and 2027. Settlement of 100% of these shares will occur on March 1, 2027.

Key Figures

Direct common shares: 162 shares RSUs underlying shares: 7,484 shares RSUs underlying shares: 4,727 shares +4 more

7 metrics

Direct common shares 162 shares Held directly; acquired under Employee Stock Purchase Plan

RSUs underlying shares 7,484 shares Restricted stock units expiring December 1, 2026

RSUs underlying shares 4,727 shares Restricted stock units expiring December 1, 2028

RSUs underlying shares 4,652 shares Restricted stock units expiring December 1, 2027

RSUs underlying shares 4,338 shares Restricted stock units expiring December 1, 2029

RSUs underlying shares 9,634 shares Restricted stock units expiring December 1, 2029

RSUs underlying shares 53,100 shares Restricted stock units expiring March 1, 2027

Key Terms

Restricted Stock Units, Employee Stock Purchase Plan, vest, settlement, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" and underlying security of common stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Employee Stock Purchase Plan financial

"Includes 162 shares acquired under the Company's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

vest financial

"These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

settlement financial

"Settlement of 100% of these shares will occur on December 1, 2026"

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

expiration date financial

"expiration_date: "2027-03-01T00:00:00.000Z" for certain restricted stock units"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Mistry Karl K.

(Last) (First) (Middle)

1140 VIRGINIA DR.

(Street)

FORT WASHINGTON PENNSYLVANIA 19034

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/30/2026

3. Issuer Name and Ticker or Trading Symbol
Toll Brothers, Inc. [ TOL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	162	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	12/01/2023(2)	12/01/2026	Common Stock	7,484	$0	D
Restricted Stock Units	12/01/2025(3)	12/01/2028	Common Stock	4,727	$0	D
Restricted Stock Units	12/01/2024(4)	12/01/2027	Common Stock	4,652	$0	D
Restricted Stock Units	12/01/2026(5)	12/01/2029	Common Stock	4,338	$0	D
Restricted Stock Units	12/01/2026(5)	12/01/2029	Common Stock	9,634	$0	D
Restricted Stock Units	03/01/2026(6)	03/01/2027	Common Stock	53,100	$0	D

Explanation of Responses:

1. Includes 162 shares acquired under the Company's Employee Stock Purchase Plan prior to the reporting person becoming an officer.

2. These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will occur on December 1, 2026.

3. These restricted stock units vest 25% on each of December 1, 2025, 2026, 2027 and 2028. Settlement of 100% of these shares will occur on December 1, 2028.

4. These restricted stock units vest 25% on each of December 1, 2024, 2025, 2026 and 2027. Settlement of 100% of these shares will occur on December 1, 2027.

5. These restricted stock units vest 25% on each of December 1, 2026, 2027, 2028 and 2029. Settlement of 100% of these shares will occur on December 1, 2029.

6. These restricted stock units vest 50% on each of March 1, 2026 and 2027. Settlement of 100% of these shares will occur on March 1, 2027.

	/s/ Erica J. Mainardi, attorney-in-fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Karl K. Mistry’s Form 3 for Toll Brothers (TOL) report?

The Form 3 reports Karl K. Mistry’s initial holdings as a director and Chief Executive Officer, including 162 Toll Brothers common shares and several restricted stock unit (RSU) awards that convert into common stock on future vesting and settlement dates as described in the filing.

How many Toll Brothers common shares does Karl K. Mistry hold directly on this Form 3?

Karl K. Mistry directly holds 162 Toll Brothers common shares. A footnote explains these shares were acquired through the company’s Employee Stock Purchase Plan before he became an officer, and they are separate from his restricted stock unit awards reported in the same filing.

What restricted stock unit (RSU) positions are shown for Karl K. Mistry in TOL?

The Form 3 lists several RSU positions, including blocks covering 7,484, 4,727, 4,652, 4,338, 9,634 and 53,100 underlying Toll Brothers common shares. Each RSU award has its own vesting schedule and expiration date, with an exercise price of $0.0000 per unit.

How do Karl K. Mistry’s Toll Brothers RSUs vest and settle?

Footnotes describe different vesting patterns. Some RSUs vest 25% annually over four years with 100% of shares settling on a specified December 1 date, while another grant vests 50% on March 1, 2026 and 2027, with full settlement on March 1, 2027, once vesting is complete.

Are there any buy or sell transactions in Karl K. Mistry’s Toll Brothers Form 3?

The data classify all entries as holdings with unknown transaction codes, and the transaction summary shows zero buys, zero sells, and seven holding entries. This indicates the Form 3 is reporting existing positions rather than new open-market purchases or sales of Toll Brothers stock.

What are the expiration dates for Karl K. Mistry’s Toll Brothers RSU awards?

The RSU awards carry expiration dates including December 1, 2026, 2027, 2028 and 2029, as well as March 1, 2027. These dates align with the end of the vesting and settlement periods described, after which the restricted stock units convert into Toll Brothers common shares.