Toll Brothers Executive Chairman Douglas Yearley Exercises and Sells Stock Options

2026-06-18SEC Filing 4 (0000794170-26-000089)

Douglas C. Yearley Jr., Executive Chairman of Toll Brothers, Inc., exercised 77,957 stock options on June 18, 2026, at an exercise price of $31.61 per share and immediately sold the same number of shares at a volume-weighted average price of $156.5783 per share. The options were originally granted on December 20, 2017, with 25% vesting each year from 2017 to 2020 and were set to expire on December 20, 2026. Following these transactions, Yearley directly owns 321,256 shares of common stock and holds additional indirect ownership through various accounts including 1,547 shares in a 401(k) plan, 500 shares in a trust, and 80,500 shares through a SLAT (Spousal Lifetime Access Trust). The sale generated significant proceeds from the difference between the exercise price and market price, representing a substantial financial transaction by the company's executive chairman.