Welcome to our dedicated page for Toll Brothers SEC filings (Ticker: TOL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Toll Brothers, Inc. filings document the reporting profile of a NYSE-listed luxury homebuilder with homebuilding operations and related real estate services. Its 8-K filings report operating results for quarterly and annual periods, including home sales revenue, deliveries, contracts, backlog, margins, and other measures tied to demand, pricing, land development, and construction activity.
The company’s SEC record also covers capital structure and governance matters. Recent filings describe amendments to senior unsecured revolving credit and term loan agreements involving subsidiary First Huntingdon Finance Corp., annual meeting voting results, director elections, auditor ratification, say-on-pay matters, executive compensation, board composition, and leadership succession. Proxy materials provide additional disclosure on directors, compensation programs, shareholder voting items, and governance practices.
Toll Brothers, Inc. has called its 2026 Annual Meeting for March 10, 2026. Stockholders will vote on electing nine directors, ratifying Ernst & Young LLP as auditor, and approving an advisory say-on-pay resolution for named executive officer compensation.
The proxy highlights a strong fiscal 2025: Toll Brothers delivered 11,292 homes at an average price of $960,000, generating a record $10.8 billion in home sales revenue, a 25.6% gross margin, and selling, general and administrative expenses of 9.5% of home sales revenue. Diluted earnings per share were $13.49 versus $15.01 in 2024, when results included $1.19 from a single land sale.
The company produced $1.1 billion of operating cash flow, returned about $750 million to stockholders via repurchases and dividends, and earned a 17.6% return on beginning equity. Community count increased 9% to 446, and total liquidity ended the year at $3.5 billion. Toll Brothers is exiting its Apartment Living business, having sold roughly half, including the operating platform, for $380 million, with remaining assets to be sold over the next few years.
The proxy also details leadership succession. Karl K. Mistry is scheduled to become chief executive officer on March 30, 2026, with current Chairman and CEO Douglas C. Yearley, Jr. transitioning to Executive Chairman. Gregg L. Ziegler became chief financial officer on November 1, 2025. The Board emphasizes its focus on refreshment, independence, and strong governance practices, including majority voting for directors, annual elections, stock ownership guidelines, and a prohibition on hedging and pledging of company securities.
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.
Toll Brothers director reports vesting and settlement of stock units
Director Paul E. Shapiro reported the conversion of 1,655 restricted stock units of Toll Brothers, Inc. into 1,655 shares of common stock on January 19, 2026, at an exercise price of $0 per share. According to the filing, these restricted stock units vested 100% on December 19, 2025, with settlement of the shares occurring on January 19, 2026.
After this settlement, Shapiro directly owned 120,335 shares of Toll Brothers common stock. This Form 4 reflects a routine equity compensation event rather than an open-market purchase or sale.
Toll Brothers, Inc. director Katherine M. Sandstrom reported the settlement of previously granted restricted stock units into common shares. On January 19, 2026, she converted 1,295 restricted stock units into 1,295 shares of Toll Brothers common stock at an exercise price of $0 per unit, reported with transaction code M. These restricted stock units had vested 100% on December 19, 2025, and the share settlement occurred on January 19, 2026. Following this transaction, she directly beneficially owned 1,363 shares of Toll Brothers common stock, and held 0 restricted stock units of this grant as the award was fully settled.
Toll Brothers, Inc. director Judith A. Reinsdorf reported the settlement of vested equity awards. On January 19, 2026, 1,295 restricted stock units were converted into 1,295 shares of Toll Brothers common stock at a price of $0 per share, reflecting the nature of the award. These restricted stock units had vested 100% on December 19, 2025, and settlement of all related shares occurred on January 19, 2026. Following the transaction, Reinsdorf directly held 1,295 shares of Toll Brothers common stock.
Toll Brothers director Wendell E. Pritchett reported the vesting and settlement of restricted stock units into common stock. On January 19, 2026, 1,628 restricted stock units were converted to 1,628 shares of Toll Brothers common stock at an exercise price of $0, reflecting the settlement of previously granted equity awards. The filing shows that these restricted stock units had vested 100% on December 19, 2025, with share settlement occurring on January 19, 2026. After this transaction, Pritchett directly owned 15,139 shares of Toll Brothers common stock.
Toll Brothers director John A. McLean reported the settlement of previously granted restricted stock units into common shares. On January 19, 2026, 1,628 restricted stock units were converted into 1,628 shares of Toll Brothers common stock at an exercise price of $0. According to the footnote, these units vested in full on December 19, 2025, and all shares were delivered on January 19, 2026.
After this transaction, McLean directly owned 17,369 shares of Toll Brothers common stock. The filing classifies the transaction under code "M," indicating a conversion of derivative securities (restricted stock units) into underlying common shares rather than an open-market trade.
Toll Brothers, Inc. director Derek T. Kan reported the settlement of previously granted equity awards. On January 19, 2026, 1,548 restricted stock units converted into 1,548 shares of Toll Brothers common stock at an exercise price of $0. The filing shows this as an automatic conversion of derivative securities into common stock rather than an open‑market purchase or sale. After this transaction, Kan directly beneficially owned 6,388 shares of Toll Brothers common stock. According to the footnote, the restricted stock units vested 100% on December 19, 2025, and all corresponding shares were settled on January 19, 2026.
Toll Brothers, Inc. director Karen H. Grimes reported the settlement of 1,655 restricted stock units into common stock. The RSUs vested in full on December 19, 2025, and were settled on January 19, 2026 at an exercise price of $0 per share. Following this transaction, Grimes directly beneficially owns 16,810 shares of Toll Brothers common stock.
Toll Brothers, Inc. director Christine Garvey reported the vesting and settlement of previously granted equity awards. On January 19, 2026, 1,655 restricted stock units with a conversion price of $0 were converted into an equal number of shares of common stock, following 100% vesting on December 19, 2025. After this settlement, she indirectly holds 11,955 shares of Toll Brothers common stock through a trust and an additional 124 shares indirectly through her spouse. The filing does not report any open-market purchases or sales of shares, only the conversion and resulting indirect holdings.