TOL Files 4 with SEC

Rhea-AI Filing Summary

Toll Brothers, Inc. reported a new equity award to its Chief Financial Officer on a Form 4 insider transaction report. On 12/22/2025, the CFO received 4,851 restricted stock units linked to Toll Brothers common stock at an exercise price of $0 per unit.

These restricted stock units are scheduled to vest in four equal installments of 25% each on December 1, 2026, 2027, 2028 and 2029, with settlement of all shares to occur on December 1, 2029. Following this grant, the filing shows the CFO directly beneficially owning 4,851 derivative securities in the form of these restricted stock units.

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^*

Ziegler Gregg L.

(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)
	Chief Financial 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		4,851		12/01/2026(1)	12/01/2029	Common Stock	4,851	$0	4,851	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, 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 filing reports that the Chief Financial Officer received 4,851 restricted stock units linked to Toll Brothers common stock on 12/22/2025.

Who is the reporting person in this Toll Brothers (TOL) Form 4 filing?

The reporting person is an officer of Toll Brothers, serving as the Chief Financial Officer.

What type of security was granted to the Toll Brothers (TOL) CFO?

The security is restricted stock units that are convertible into Toll Brothers common stock, with a total of 4,851 units granted at an exercise price of $0.

What is the vesting schedule for the 4,851 restricted stock units at Toll Brothers (TOL)?

These restricted stock units vest 25% on each of December 1, 2026, 2027, 2028 and 2029, as explained in the filing.

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

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

How many derivative securities does the Toll Brothers (TOL) CFO beneficially own after this transaction?

After the reported transaction, the CFO beneficially owns 4,851 derivative securities in the form of restricted stock units, held directly.

Is there an exercise price for the Toll Brothers (TOL) CFO's restricted stock units?

Yes. The filing lists the conversion or exercise price of the restricted stock units as $0.