0001127602-23-029137.txt : 20231208 0001127602-23-029137.hdr.sgml : 20231208 20231208161613 ACCESSION NUMBER: 0001127602-23-029137 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231207 FILED AS OF DATE: 20231208 DATE AS OF CHANGE: 20231208 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Yearley Douglas C. Jr. CENTRAL INDEX KEY: 0001476755 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09186 FILM NUMBER: 231475598 MAIL ADDRESS: STREET 1: 250 GIBRALTAR ROAD CITY: HORSHAM STATE: PA ZIP: 19044 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Toll Brothers, Inc. CENTRAL INDEX KEY: 0000794170 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 232416878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 1140 VIRGINIA DRIVE CITY: FORT WASHINGTON STATE: PA ZIP: 19034 BUSINESS PHONE: 2159388000 MAIL ADDRESS: STREET 1: 1140 VIRGINIA DRIVE CITY: FORT WASHINGTON STATE: PA ZIP: 19034 FORMER COMPANY: FORMER CONFORMED NAME: TOLL BROTHERS INC DATE OF NAME CHANGE: 19920703 4 1 form4.xml PRIMARY DOCUMENT X0508 4 2023-12-07 0000794170 Toll Brothers, Inc. TOL 0001476755 Yearley Douglas C. Jr. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034 1 1 Chief Executive Officer 0 Common Stock 1547 I 401(k) Plan Common Stock 500 I Trust Common Stock 80500 I By SLAT Common Stock 2023-12-07 4 A 0 38026 0 A 313869 D Common Stock 2023-12-07 4 F 0 15454 88.90 D 298415 D Performance Based Restricted Stock Units 0 2023-12-07 4 A 0 62625 0 A 2026-12-19 2026-12-19 Common Stock 62625 62625 D Reflects the number of shares earned in respect of ROE-based performance restricted stock units originally granted on December 21, 2020. On December 7, 2023, the Compensation Committee of the Issuer's Board of Directors certified the achievement of the applicable performance metrics, which measured return on equity (ROE) of the Issuer over the three year period from November, 1 2020 to October 31, 2023. Settlement of the shares will occur on December 21, 2023. Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 19, 2022. On December 7, 2023, the Compensation Committee of the Board of Directors certified the achievement levels of the operational metrics applicable to the award and the number of shares earned based on such results. One quarter of the shares earned vest each anniversary of the grant date, with settlement of 100% of the award on the fourth anniversary. These performance-based restricted stock units vest 25% on each of December 19, 2023, 2024, 2025 and 2026. Settlement of 100% of earned shares is scheduled to occur on 12/19/2026. /s/ Michael J. Grubb, attorney-in-fact 2023-12-08