Form 4: Toll Brothers Director Karen Grimes Reports Stock Transactions
SEC Form 4 Filing
Director Karen Grimes reports the vesting and settlement of restricted stock units into Toll Brothers common stock.
Summary
- Karen Grimes, a director of Toll Brothers, Inc., reported transactions involving restricted stock units.
- On January 18, 2025, 3,891 shares of common stock were acquired upon the vesting and settlement of restricted stock units.
- On January 19, 2025, 2,007 shares of common stock were acquired upon the vesting and settlement of restricted stock units.
- The transactions were related to restricted stock units that vested on December 19, 2023, December 19, 2024 and December 20, 2024.
- Following these transactions, Grimes directly owns 15,155 shares of Toll Brothers common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the real estate and construction industry.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 12/19/2023 | 50% of 3,891 restricted stock units vested |
| 12/19/2024 | 50% of 3,891 restricted stock units vested |
| 12/20/2024 | 100% of 2,007 restricted stock units vested |
| 01/18/2025 | Settlement of 3,891 restricted stock units into common stock |
| 01/19/2025 | Settlement of 2,007 restricted stock units into common stock |
| 01/22/2025 | Date of Form 4 filing |
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