Form 4: Toll Brothers Director Gifts Shares

Toll Brothers Director Christine Garvey reported gifting a total of 1,290 shares of common stock in late December 2025.

Summary

• Christine Garvey, a Director at Toll Brothers, Inc. (TOL), reported changes in her beneficial ownership of common stock.
• On December 23, 2025, Garvey disposed of 1,218 shares of common stock via a gift (transaction code 'G') at a price of $0 per share.
• Following this transaction, Garvey indirectly beneficially owned 10,372 shares through a Trust.
• On December 24, 2025, Garvey disposed of an additional 72 shares of common stock via a gift (transaction code 'G') at a price of $0 per share.
• After the second transaction, Garvey indirectly beneficially owned 10,300 shares through a Trust.
• Garvey's direct beneficial ownership of common stock is 0 shares.
• Garvey also indirectly beneficially owns 124 shares through her Spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine insider gift of shares, which is generally considered neutral in terms of market sentiment as it does not reflect a change in the company's operational performance or the insider's confidence in the company's future prospects.

Industry Context

This filing represents a routine insider transaction, specifically a gift of shares by a director. Such transactions are common for estate planning or philanthropic purposes and typically do not reflect a change in the company's operational or financial outlook, nor do they directly relate to broader industry trends in homebuilding.

Stakeholder Impact

• Shareholders: Minimal impact, as the transaction is a personal gift by a director and does not affect the company's operations or financial health. The total number of shares gifted is a small fraction of the company's outstanding stock.

Key Dates

Keywords

Toll Brothers, TOL, Insider Transaction, Form 4, Stock Gift, Director Ownership