Ziegler Gregg L. 4

What Happened Gregg L. Ziegler, Chief Financial Officer of Toll Brothers, had restricted stock units (RSUs) convert/settle around the January 31, 2026 vesting date. A total of 4,897 shares were issued on conversion (reported as derivative exercise/conversion, code M). To cover tax withholding (code F), 2,015 of those shares were surrendered at $144.49 per share, generating a withholding value of $291,147. The RSU settlement was completed on February 2, 2026 per the filing footnote.

Key Details

• Transaction dates: vesting dated 2026-01-31; settlement occurred 2026-02-02; Form 4 filed 2026-02-02.
• Converted/issued: 4,897 shares (derivative exercise/conversion, code M) at $0.00 (typical for RSU settlement).
• Tax withholding: 2,015 shares (code F) withheld at $144.49/share = $291,147.
• Footnote: These RSUs vested 50% on Jan 31, 2025 and 50% on Jan 31, 2026; 100% were settled Feb 2, 2026.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Form filed Feb 2, 2026; no late filing flag indicated in the provided data.

Context

• This was a stock award settlement (RSU conversion) with a typical tax-withholding share surrender — not an open-market sale or a cash purchase. That makes this a routine compensation event rather than an explicit bullish or bearish trade signal.
• Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion); F = payment of exercise price or tax liability (here, shares used to pay taxes).