Toll Brothers (NYSE: TOL) CEO exercises options and sells 27,014 shares
Rhea-AI Filing Summary
Toll Brothers, Inc. Chief Executive Officer Douglas C. Yearley Jr. reported exercising stock options and selling common shares. He exercised stock options for 27,014 shares of common stock at an exercise price of $31.61 per share, classified as an exercise or conversion of a derivative security.
On the same date, he sold 27,014 shares of Toll Brothers common stock in an open-market transaction at a volume-weighted average price of $159.1511 per share, with actual sale prices ranging from $159.00 to $159.46 as noted in the footnote. Following these transactions, he owned 321,256 shares of common stock directly and held 77,957 stock options directly.
He also reported indirect holdings of 1,547 common shares through a 401(k) plan, 500 shares held in a trust, and 80,500 shares held by a SLAT, reflecting additional beneficial interests associated with his position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 27,014 | $0.00 | -- |
| Exercise | Common Stock | 27,014 | $31.61 | $854K |
| Sale | Common Stock | 27,014 | $159.1511 | $4.30M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Price is the volume weighted average selling price of all sales by the reporting person on the transaction date within a one dollar range. Actual prices ranged from $159.00 to $159.46. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. Vested 25% on 12/20/2017, 2018, 2019 and 2020. Exercisable as of vesting date.
