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Toll Brothers (NYSE: TOL) SVP reports initial stock and RSU holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Toll Brothers, Inc. insider filing shows initial equity holdings for senior finance leadership. SVP & Chief Accounting Officer Erica J. Mainardi reports direct ownership of 1,351 shares of common stock. She also holds several restricted stock unit (RSU) awards that convert into common stock on future dates.

The RSUs cover 1,198 shares vesting 25% each year from December 1, 2023 through 2026, settling in full on December 1, 2026. Additional RSUs cover 588 shares vesting from December 1, 2024 through 2027 (settling December 1, 2027), 606 shares vesting from December 1, 2025 through 2028 (settling December 1, 2028), and 645 shares vesting from December 1, 2026 through 2029 (settling December 1, 2029). All RSUs are held directly with a $0 exercise price.

Positive

  • None.

Negative

  • None.
Insider Mainardi Erica J.
Role SVP & Chief Accounting Officer
Type Security Shares Price Value
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 — 1,198 shares (Direct); Common Stock — 1,351 shares (Direct)
Footnotes (1)
  1. These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will be 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 be 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.
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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
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hours per response: 0.5
1. Name and Address of Reporting Person*
Mainardi Erica J.
(Last) (First) (Middle)
1140 VIRGINIA AVE.
(Street)
FORT WASHINGTON PA 19034
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/02/2026 		3. Issuer Name and Ticker or Trading Symbol
Toll Brothers, Inc. [ TOL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & Chief Accounting Officer
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 1,351 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units 12/01/2023(1) 12/01/2026 Common Stock 1,198 $0 D
Restricted Stock Units 12/01/2025(2) 12/01/2028 Common Stock 606 $0 D
Restricted Stock Units 12/01/2024(3) 12/01/2027 Common Stock 588 $0 D
Restricted Stock Units 12/01/2026(4) 12/01/2029 Common Stock 645 $0 D
Explanation of Responses:
1. These restricted stock units vest 25% on each of December 1, 2023, 2024, 2025 and 2026. Settlement of 100% of these shares will be on December 1, 2026.
2. 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.
3. These restricted stock units vest 25% on each of December 1, 2024, 2025, 2026 and 2027. Settlement of 100% of these shares will be on December 1, 2027.
4. 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.
/s/ Erica J. Mainardi 02/02/2026
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What does Toll Brothers (TOL) Form 3 filing for Erica J. Mainardi disclose?

The Form 3 discloses Erica J. Mainardi’s initial beneficial ownership in Toll Brothers. She directly holds 1,351 common shares plus several restricted stock unit awards that vest between 2023 and 2029 and settle into common stock on specified future dates.

How many Toll Brothers common shares does Erica J. Mainardi directly own?

Erica J. Mainardi directly owns 1,351 shares of Toll Brothers common stock. This figure represents her non-derivative holdings, separate from her restricted stock unit awards, and reflects her direct equity stake as SVP & Chief Accounting Officer of the company.

What restricted stock unit (RSU) awards are reported for Erica J. Mainardi in TOL’s Form 3?

The filing reports RSU awards for 1,198, 606, 588, and 645 underlying common shares. Each award vests 25% annually over four years, with full settlement of shares occurring on December 1, 2026, 2027, 2028, and 2029 respectively, at a $0 exercise price.

When do Erica J. Mainardi’s Toll Brothers RSUs vest and settle into shares?

Each RSU grant vests in four equal 25% installments on December 1 of consecutive years. The 1,198-share award settles on December 1, 2026, the 588-share award on December 1, 2027, the 606-share award on December 1, 2028, and the 645-share award on December 1, 2029.

Does the Toll Brothers (TOL) Form 3 show any stock purchases or sales by Erica J. Mainardi?

The Form 3 presents Mainardi’s beneficial holdings rather than new purchases or sales. It lists her existing common stock position and her outstanding restricted stock unit awards, including vesting schedules and settlement dates, without reporting any transactional share movements.

Why is Erica J. Mainardi’s Form 3 important for Toll Brothers investors?

The Form 3 establishes Mainardi’s baseline equity ownership as a senior executive. It details her direct common stock holdings and long-term RSU incentives, helping investors understand how her compensation is tied to Toll Brothers’ stock performance over several future years.