Boyd James W. 4
4 · Toll Brothers, Inc. · Filed Dec 8, 2020
Insider Transaction Report
Form 4
Boyd James W.
EVP,Co-Chief Operating Officer
Transactions
- Award
Performance Based Restricted Stock Units
2020-12-04+7,458→ 7,458 totalExercise: $0.00From: 2023-12-18Exp: 2023-12-18→ Common Stock (7,458 underlying)
Footnotes (2)
- [F1]Reflects the number of shares earned in respect to operational performance restricted stock units originally granted December 18, 2019. On December 04, 2020, the Compensation Committee of the Board of Directors certified the achievement levels of the operational metrics applicable to the award and the number of shares earned based on such results. One quarter of the shares earned vest each anniversary of the grant date, with settlement 100% of the award on the fourth anniversary.
- [F2]These performance based restricted stock units vest 25% on each December 18, 2020, 2021, 2022 and 2023. Settlement of 100% of the earned shares is scheduled to occur on December 18, 2023.