Director at Toll Brothers (NYSE: TOL) settles 1,521 RSUs into common shares

Rhea-AI Filing Summary

Toll Brothers, Inc. director Scott D. Stowell reported the settlement of previously granted equity awards. On January 19, 2026, 1,521 restricted stock units were converted into 1,521 shares of common stock at an exercise price of $0, reflecting the vesting and settlement of a stock-based compensation award. According to the filing, these restricted stock units had vested 100% on December 19, 2025, with settlement occurring on January 19, 2026. Following this transaction, Stowell directly beneficially owned 6,613 shares of Toll Brothers common stock.

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

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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^*

STOWELL SCOTT D

(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)
01/19/2026

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
Common Stock	01/19/2026		M		1,521	A	$0	6,613	D

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	01/19/2026		M			1,521	12/19/2025(1)	12/19/2025	Common Stock	1,521	$0	0	D

Explanation of Responses:

1. These restricted stock units vested 100% on December 19, 2025. Settlement of 100% of these shares occurred on January 19, 2026.

	/s/ Michael J. Grubb, attorney-in-fact	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Toll Brothers (TOL) report for Scott D. Stowell?

The filing reports that director Scott D. Stowell settled 1,521 restricted stock units into 1,521 shares of Toll Brothers common stock on January 19, 2026 at an exercise price of $0.

How many Toll Brothers (TOL) shares does Scott D. Stowell own after this Form 4 transaction?

After the reported transaction, Scott D. Stowell directly beneficially owned 6,613 shares of Toll Brothers, Inc. common stock.

What happened to Scott D. Stowells restricted stock units in the Toll Brothers (TOL) Form 4?

The Form 4 shows that 1,521 restricted stock units vested 100% on December 19, 2025, and were settled into 1,521 common shares on January 19, 2026, leaving 0 restricted stock units of that grant outstanding.

Was the Toll Brothers (TOL) insider transaction a purchase for cash?

No. The transaction used code M, indicating the conversion of derivative securities. The 1,521 restricted stock units were converted into common stock at an exercise price of $0 as part of equity compensation.

What is Scott D. Stowells relationship to Toll Brothers (TOL) in this Form 4?

In this filing, Scott D. Stowell is identified as a director of Toll Brothers, Inc. and the Form 4 is filed by one reporting person.

What transaction code was used in the Toll Brothers (TOL) Form 4 for this award settlement?

The transaction used code M in both the derivative and non-derivative tables, indicating the exercise or conversion of derivative securities (restricted stock units) into common stock.