Toll Brothers (TOL) director receives 1,575 RSUs vesting December 2026

Rhea-AI Filing Summary

Toll Brothers, Inc. director equity grant: A company director received 1,575 restricted stock units (RSUs) of Toll Brothers, Inc. common stock in a transaction dated December 22, 2025. The RSUs carry a conversion price of $0, reflecting that they are a form of equity compensation rather than a purchase for cash.

The filing states that these RSUs will vest 100% on December 22, 2026, meaning the director’s right to the underlying shares becomes fully earned at that time. Settlement of the associated shares is scheduled to occur on January 22, 2027, when the vested RSUs are delivered as common stock. After this grant, the director beneficially owns 1,575 derivative securities directly in the form of these RSUs.

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^*

Grimes Karen H.

(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		1,575		12/22/2026(1)	12/22/2026	Common Stock	1,575	$0	1,575	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 Form 4?

The reported transaction is the grant of 1,575 restricted stock units (RSUs) of Toll Brothers, Inc. common stock to a company director on December 22, 2025.

When do the new Toll Brothers (TOL) RSUs granted to the director vest and settle?

The RSUs vest 100% on December 22, 2026, and settlement of 100% of the shares underlying these RSUs will occur on January 22, 2027.

How many Toll Brothers (TOL) shares underlie the director’s new RSU award?

The RSU award covers 1,575 shares of Toll Brothers, Inc. common stock, as shown in the derivative securities table.

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

The RSUs have a conversion or exercise price of $0, indicating they are granted as equity compensation rather than purchased for cash.

What is the director’s relationship to Toll Brothers (TOL) in this filing?

The reporting person is identified as a Director of Toll Brothers, Inc., and the Form 4 is filed for one reporting person.

How are the Toll Brothers (TOL) RSUs held after the reported transaction?

Following the reported transaction, the filing shows 1,575 derivative securities in the form of RSUs, held with direct ownership.