Toll Brothers (NYSE: TOL) CEO details RSU and stock holdings in Form 3
Rhea-AI Filing Summary
Toll Brothers, Inc. director and Chief Executive Officer Karl K. Mistry reported his initial ownership on a Form 3. He directly holds 162 shares of common stock acquired under the company’s Employee Stock Purchase Plan before becoming an officer, plus multiple blocks of restricted stock units (RSUs) tied to common shares. These RSUs cover amounts such as 7,484, 4,727, 4,652, 4,338, 9,634 and 53,100 underlying shares, with vesting schedules that generally occur in equal installments on specified December 1 or March 1 dates, and full settlement on stated future settlement dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Mistry Karl K.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 7,484 shares (Direct);
Common Stock — 162 shares (Direct)
Footnotes (1)
- Includes 162 shares acquired under the Company's Employee Stock Purchase Plan prior to the reporting person becoming an officer. These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will occur on December 1, 2026. These restricted stock units vest 25% on each of December 1, 2025, 2026, 2027 and 2028. Settlement of 100% of these shares will occur on December 1, 2028. These restricted stock units vest 25% on each of December 1, 2024, 2025, 2026 and 2027. Settlement of 100% of these shares will occur on December 1, 2027. 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. These restricted stock units vest 50% on each of March 1, 2026 and 2027. Settlement of 100% of these shares will occur on March 1, 2027.
Key Figures
Direct common shares: 162 shares
RSUs underlying shares: 7,484 shares
RSUs underlying shares: 4,727 shares
+4 more
7 metrics
Direct common shares
162 shares
Held directly; acquired under Employee Stock Purchase Plan
RSUs underlying shares
7,484 shares
Restricted stock units expiring December 1, 2026
RSUs underlying shares
4,727 shares
Restricted stock units expiring December 1, 2028
RSUs underlying shares
4,652 shares
Restricted stock units expiring December 1, 2027
RSUs underlying shares
4,338 shares
Restricted stock units expiring December 1, 2029
RSUs underlying shares
9,634 shares
Restricted stock units expiring December 1, 2029
RSUs underlying shares
53,100 shares
Restricted stock units expiring March 1, 2027
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, vest, settlement, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and underlying security of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Includes 162 shares acquired under the Company's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
vest financial
"These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settlement financial
"Settlement of 100% of these shares will occur on December 1, 2026"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
expiration date financial
"expiration_date: "2027-03-01T00:00:00.000Z" for certain restricted stock units"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Karl K. Mistry’s Form 3 for Toll Brothers (TOL) report?
The Form 3 reports Karl K. Mistry’s initial holdings as a director and Chief Executive Officer, including 162 Toll Brothers common shares and several restricted stock unit (RSU) awards that convert into common stock on future vesting and settlement dates as described in the filing.
What restricted stock unit (RSU) positions are shown for Karl K. Mistry in TOL?
The Form 3 lists several RSU positions, including blocks covering 7,484, 4,727, 4,652, 4,338, 9,634 and 53,100 underlying Toll Brothers common shares. Each RSU award has its own vesting schedule and expiration date, with an exercise price of $0.0000 per unit.
How do Karl K. Mistry’s Toll Brothers RSUs vest and settle?
Footnotes describe different vesting patterns. Some RSUs vest 25% annually over four years with 100% of shares settling on a specified December 1 date, while another grant vests 50% on March 1, 2026 and 2027, with full settlement on March 1, 2027, once vesting is complete.
Are there any buy or sell transactions in Karl K. Mistry’s Toll Brothers Form 3?
The data classify all entries as holdings with unknown transaction codes, and the transaction summary shows zero buys, zero sells, and seven holding entries. This indicates the Form 3 is reporting existing positions rather than new open-market purchases or sales of Toll Brothers stock.
What are the expiration dates for Karl K. Mistry’s Toll Brothers RSU awards?
The RSU awards carry expiration dates including December 1, 2026, 2027, 2028 and 2029, as well as March 1, 2027. These dates align with the end of the vesting and settlement periods described, after which the restricted stock units convert into Toll Brothers common shares.