Toll Brothers (TOL) director granted 1,550 restricted stock units vesting 2026

Rhea-AI Filing Summary

Toll Brothers, Inc. director reported receiving an equity award in the form of restricted stock units. On 12/22/2025, the director was granted 1,550 restricted stock units, each linked to one share of Toll Brothers common stock at an exercise price of $0, reflecting a standard stock-based compensation grant rather than a market purchase.

The restricted stock units vest 100% on December 22, 2026, meaning the director must remain eligible through that date to receive the full award. Settlement of all vested units into common shares is scheduled to occur on January 22, 2027. Following this grant, 1,550 derivative securities are shown as beneficially owned in direct form.

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

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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^*

McLean John A

(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		1,550		12/22/2026(1)	12/22/2026	Common Stock	1,550	$0	1,550	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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FAQ

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

The filing reports that a director of Toll Brothers received an award of 1,550 restricted stock units tied to Toll Brothers common stock as stock-based compensation.

When were the Toll Brothers (TOL) restricted stock units granted and how many were issued?

The restricted stock units were granted on 12/22/2025, and the director received 1,550 units, each representing one share of Toll Brothers common stock.

What is the vesting schedule for the 1,550 Toll Brothers (TOL) restricted stock units?

The filing states that the 1,550 restricted stock units vest 100% on December 22, 2026, meaning the entire award becomes earned on that date if conditions are met.

When will the vested Toll Brothers (TOL) restricted stock units be settled into shares?

Settlement of 100% of the vested restricted stock units into common shares is scheduled to occur on January 22, 2027, one month after the vesting date.

What ownership form is reported for the Toll Brothers (TOL) restricted stock units?

The filing shows 1,550 derivative securities beneficially owned following the transaction, with the ownership form indicated as direct.

What type of security underlies the Toll Brothers (TOL) restricted stock units?

The restricted stock units are settled in Toll Brothers common stock, with an underlying amount of 1,550 shares of common stock corresponding to the 1,550 units.