Toll Brothers (NYSE: TOL) SVP granted 788 restricted stock units

Rhea-AI Filing Summary

Toll Brothers, Inc. reported that its senior vice president and chief accounting officer received a grant of 788 restricted stock units (RSUs) on 12/22/2025. These RSUs will vest in four equal installments of 25% on each of December 1, 2026, 2027, 2028, and 2029, giving the executive increasing rights to the shares over time. The filing states that settlement of 100% of the shares underlying these RSUs will occur on December 1, 2029, meaning the actual common stock is delivered at that time.

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^*

Grubb Michael J.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting Officer

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		788		12/01/2026(1)	12/01/2029	Common Stock	788	$0	788	D

Explanation of Responses:

1. 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.

	/s/ Michael J. Grubb	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).
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FAQ

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

Toll Brothers disclosed that its senior vice president and chief accounting officer acquired 788 restricted stock units (RSUs) on 12/22/2025.

How many restricted stock units were granted to the Toll Brothers (TOL) executive?

The executive received a grant of 788 restricted stock units, each representing the right to receive one share of common stock at settlement.

What is the vesting schedule for the 788 RSUs at Toll Brothers (TOL)?

The 788 RSUs vest 25% on each of December 1, 2026, 2027, 2028, and 2029, gradually increasing the executive’s vested interest over four years.

When will the RSUs granted by Toll Brothers (TOL) be settled into shares?

The filing states that settlement of 100% of the shares underlying these restricted stock units will occur on December 1, 2029.

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

The restricted stock units are tied to common stock of Toll Brothers, Inc., with 788 shares underlying the RSU award.

What is the reporting person’s role at Toll Brothers (TOL) in this Form 4?

The reporting person is identified as an officer, serving as SVP & Chief Accounting Officer of Toll Brothers, Inc.