Form 4: Toll Brothers CFO Martin P. Connor Executes Stock Option and Sells Shares
SEC Form 4 Filing
Chief Financial Officer Martin P. Connor of Toll Brothers, Inc. exercised stock options and sold shares of common stock on August 23, 2024.
Summary
- On August 23, 2024, Martin P. Connor, the Chief Financial Officer of Toll Brothers, Inc., engaged in transactions involving the company's stock.
- Connor exercised stock options to acquire 15,000 shares of common stock at a price of $31.61 per share.
- He then sold a total of 25,000 shares of common stock in multiple transactions at prices ranging from $147.309 to $147.9921.
- After these transactions, Connor directly owns 14,721 shares of common stock.
- He also directly owns 22,673 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 12/20/2017 | Stock options vested 25%. |
| 12/20/2018 | Stock options vested 25%. |
| 12/20/2019 | Stock options vested 25%. |
| 12/20/2020 | Stock options vested 25%. |
| 08/23/2024 | Date of stock option exercise and stock sales. |
| 08/27/2024 | Date of Form 4 signature. |
| 12/20/2026 | Expiration date of stock options. |
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