Form 4: Toll Brothers Director Christine Garvey Sells Shares
SEC Form 4 Filing
Christine Garvey, a director of Toll Brothers, Inc., sold 170 shares of common stock at a price of $121.985 on May 24, 2024.
Summary
- On May 24, 2024, Christine Garvey, a director of Toll Brothers, Inc., sold 170 shares of the company's common stock.
- The sale price was $121.985 per share.
- Following the transaction, Ms. Garvey indirectly owns 8,123 shares through a trust and 124 shares through her spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by a company director.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of transaction: Sale of 170 shares of common stock. |
| 05/30/2024 | Date of signature on the Form 4 filing. |
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