Parahus Robert 4

What Happened
Robert Parahus, President and COO of Toll Brothers (TOL), disposed of 7,500 shares on 2026-06-18 at a reported value of $149.66 per share, a total of $1,122,450. The Form 4 lists the disposition as a sale (S) but a footnote clarifies the shares were contributed to an exchange fund in exchange for shares of that fund.

Key Details

• Transaction date and price: 2026-06-18 — 7,500 shares at $149.66 each (total $1,122,450).
• Reporting/filing date: Form 4 filed 2026-06-22 (filed within the SEC’s two-business-day reporting window).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote (F1): The reporting person contributed Toll Brothers common stock to an exchange fund; the $149.66/share price was used to calculate the exchange fund shares issued.
• Transaction code: S (Disposition/Sale).

Context
Contributions to exchange funds are typically in-kind transfers used to diversify concentrated stock holdings and are reported as dispositions on Form 4. Such transactions do not necessarily reflect the insider’s view on the company’s prospects and are different from an open-market sale for cash. Purchases generally carry more direct informational value for investors than routine disposals or transfers.