Toll Brothers (TOL) director granted 1,440 RSUs vesting in 2026 with 2027 settlement

Rhea-AI Filing Summary

Toll Brothers, Inc. reported a routine equity grant to one of its directors. On December 22, 2025, the director received 1,440 restricted stock units, each representing the right to receive one share of Toll Brothers common stock for no cash exercise price.

These restricted stock units vest 100% on December 22, 2026, meaning the director will earn all of the units on that date if the vesting conditions are met. Settlement of all vested shares is scheduled to occur on January 22, 2027, when the underlying common shares are delivered.

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^*

Sandstrom Katherine M

(Last) (First) (Middle)

1140 VIRGINIA AVE.

(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		1,440		12/22/2026(1)	12/22/2026	Common Stock	1,440	$0	1,440	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).
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FAQ

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

A Toll Brothers director received an award of 1,440 restricted stock units on December 22, 2025, as reported in the Form 4.

What are the vesting terms of the 1,440 restricted stock units at Toll Brothers (TOL)?

The 1,440 restricted stock units vest 100% on December 22, 2026, according to the disclosure.

When will the Toll Brothers (TOL) director receive the shares underlying the restricted stock units?

Settlement of 100% of the shares underlying the restricted stock units will occur on January 22, 2027.

What type of security was granted in the Toll Brothers (TOL) Form 4 filing?

The reporting person was granted restricted stock units that are convertible into shares of Toll Brothers common stock.

Is the reporting person a director or officer of Toll Brothers (TOL)?

The filing identifies the reporting person’s relationship to Toll Brothers as a Director.

Does the Form 4 for Toll Brothers (TOL) indicate any sale of existing shares?

The disclosed transaction involves an acquisition of 1,440 restricted stock units; the excerpt does not show any sales of existing common shares.