Toll Brothers director receives 1,480 restricted stock units grant

Toll Brothers, Inc. disclosed an equity grant to one of its directors.

Accepted by SEC EDGAR 12/23/2025 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Toll Brothers, Inc. disclosed an equity grant to one of its directors. On December 22, 2025, the director received 1,480 restricted stock units (RSUs), recorded as a derivative security with a conversion price of $0.

The RSUs relate to shares of Toll Brothers common stock and vest 100% on December 22, 2026. According to the disclosure, settlement of all underlying shares is scheduled to occur on January 22, 2027, at which time the vested units are expected to be delivered as common stock to the director.

Insider Trade Summary

Grant/Award: 1,480 shares

Grant/Award 1 txn

Insider Kan Derek T.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,480	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,480 contracts (Direct)

Holdings Before and After: Restricted Stock Units, 0 to 1,480 contracts (Direct)

Footnotes (1)

1. F1. These restricted stock units vest 100% on December 22, 2026. Settlement of 100% of these shares will occur on January 22, 2027.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Toll Brothers (TOL) report in this Form 4?

The company reported that a director received 1,480 restricted stock units (RSUs) on December 22, 2025 as a derivative security tied to Toll Brothers common stock.

When do the newly granted Toll Brothers (TOL) RSUs vest?

The filing states that these 1,480 RSUs vest 100% on December 22, 2026.

When will the Toll Brothers (TOL) director receive the shares from these RSUs?

The disclosure notes that settlement of 100% of the shares underlying the RSUs will occur on January 22, 2027.

What is the exercise or conversion price of the Toll Brothers (TOL) RSUs?

The RSUs are reported with a conversion or exercise price of $0, which is typical for restricted stock units granted as equity compensation.

What type of insider is involved in this Toll Brothers (TOL) equity grant?

The reporting person is identified as a director of Toll Brothers, Inc., and the filing is made as a Form filed by one reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kan Derek T.

(Last) (First) (Middle)

1140 VIRGINIA DRIVE

(Street)

FORT WASHINGTON PA 19034

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	12/22/2025		A		1,480		12/22/2026(1)	12/22/2026	Common Stock	1,480	$0	1,480	D

Explanation of Responses:

1. These restricted stock units vest 100% on December 22, 2026. Settlement of 100% of these shares will occur on January 22, 2027.

	/s/ Michael J. Grubb, attorney-in-fact	12/23/2025
	** 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 4 (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.
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