Form 4: Toll Brothers Director Pritchett Reports Stock Transactions
SEC Form 4 Filing
Director Wendell E. Pritchett reports acquisition and disposal of Toll Brothers (TOL) common stock following the vesting and settlement of restricted stock units.
Summary
- On January 18, 2025, Director Wendell E. Pritchett acquired 3,823 shares of Toll Brothers common stock upon the settlement of restricted stock units.
- These restricted stock units vested 50% on December 19, 2023, and 50% on December 19, 2024.
- Also on January 18, 2025, Pritchett disposed of 3,823 shares.
- On January 19, 2025, Pritchett acquired 1,974 shares of common stock upon the settlement of restricted stock units that vested 100% on December 20, 2024.
- Also on January 19, 2025, Pritchett disposed of 1,974 shares.
- Following these transactions, Pritchett directly owns 16,011 shares of Toll Brothers common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 12/19/2023 | 50% of restricted stock units vested |
| 12/19/2024 | 50% of restricted stock units vested |
| 12/20/2024 | 100% of restricted stock units vested |
| 01/18/2025 | Acquisition and disposal of 3,823 shares of common stock |
| 01/19/2025 | Acquisition and disposal of 1,974 shares of common stock |
| 01/22/2025 | Date of Form 4 filing |
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