Toll Brothers, Inc.: management transactions · United States · SEC (Form 4)

About Toll Brothers, Inc.

Toll Brothers, Inc. is a leading U.S. residential homebuilder and real estate developer listed on the NYSE in the United States (United States) under the ticker TOL. Founded in 1967 and public since 1986, the company has built its brand around the luxury housing segment, where it has established a clear market leadership position. Its headquarters are in Fort Washington, Pennsylvania, and its core business spans land acquisition, community development, home design, construction and the sale of new homes across master-planned communities. ([investors.tollbrothers.com](https://investors.tollbrothers.com/news-and-events/press-releases/2026/01-21-2026-222512100?utm_source=openai)) From a business perspective, Toll Brothers differentiates itself through a broad residential product mix that includes luxury single-family homes, townhomes, urban infill residences, and, historically, multifamily rental development through its Apartment Living platform. The company also emphasizes a balanced mix of build-to-order and spec homes, allowing it to respond flexibly to local demand while managing inventory and sales pace. Its appeal is underpinned by a premium brand, a sizable land position, and a focus on higher-income buyers who are generally less sensitive to affordability constraints than entry-level customers. ([investors.tollbrothers.com](https://investors.tollbrothers.com/news-and-events/press-releases/2026/02-17-2026-213109309?utm_source=openai)) Competitively, Toll Brothers ranks among the most important large-cap U.S. homebuilders, with a particularly strong niche in luxury housing. That niche matters because it tends to support higher average selling prices, greater customization, and a more differentiated customer proposition. The company’s geographic footprint is broad across multiple major U.S. housing markets, which helps diversify execution risk and reduces dependence on any single region. In the current U.S. housing backdrop, that diversification is strategically valuable, given ongoing sensitivity to mortgage rates, affordability, and land and construction cost inflation. ([investors.tollbrothers.com](https://investors.tollbrothers.com/news-and-events/press-releases/2026/02-17-2026-213109309?utm_source=openai)) Recent developments reinforce a disciplined, shareholder-focused strategy. In February 2026, Toll Brothers reported first-quarter fiscal 2026 results and reiterated expectations for continued community count growth. In January 2026, the company announced a leadership transition, with Doug Yearley moving to Executive Chairman and Karl Mistry set to become CEO. Toll Brothers was also named the #1 Most Admired Home Builder in Fortune’s 2026 World’s Most Admired Companies list for the ninth consecutive year. In addition, the company continued capital-return and balance-sheet actions, including dividends and a 2025 senior notes issuance, while also monetizing its Apartment Living platform through a transaction announced in September 2025. ([investors.tollbrothers.com](https://investors.tollbrothers.com/news-and-events/press-releases/2026/02-17-2026-213109309?utm_source=openai))