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TOLToll Brothers, Inc. · Insider ownership research

Toll Brothers, Inc. insiders sold $26.1M in the past 12 months. How much of their stake is that?

0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Douglas Yearley Jr. (Executive Chairman, Director), sold $23.7M. 94% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Oct 17, 2025 to Oct 16, 2026
$26.1M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
5 of 18
officers and directors sold shares, past 12 months
Is this normal? Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 7 a year. Year by year
Latest filing: Filed Sep 25 for a sale on Sep 24. Stephen East sold 800 shares ($109K) with no plan disclosed. Filing
SEC ownership filings: 46 filed in the 12 months to Oct 16, 2026; 1,110 on record since Jun 18, 2003 · See the evidence

What stands out

Two officers sold $24.9M with no disclosed plan: Douglas Yearley Jr. ($23.7M) and Robert Parahus ($1.1M). The filings don't state a reason.Douglas Yearley Jr.: largest such sale, Jun 18, 2026 · Robert Parahus: largest such sale, Jun 18, 2026

A share of stake is shown for 0 of the 5 officers and directors who sold. 18 are left out

i
Left out: Douglas Yearley Jr., Paul Shapiro, Robert Parahus, Gregg Ziegler, John McLean, Martin Connor, Karen Grimes, Wendell Pritchett, Stephen East, Christine Garvey, Scott Stowell, Derek Kan, Seth Ring, Michael Grubb, Erica Mainardi, Karl Mistry, Katherine Sandstrom and Judith Reinsdorf (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Douglas Yearley Jr.
Executive Chairman, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$23.7MNo plan disclosed
Robert Parahus
President & COO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.1MNo plan disclosed
Paul Shapiro
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$582KNo plan disclosed
John McLean
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$355KNo plan disclosed
Stephen East
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$248KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJan 2026: $582K no plan disclosedJanFeb 2026: $11.5M no plan disclosedFebMar 2026: $355K no plan disclosedMarApr 2026: $140K no plan disclosedAprMayJun 2026: $13.3M no plan disclosed$13.3MJunJulAugSep 2026: $109K no plan disclosedSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026
Sep 24, 2026Stephen East sold 800 shares ($109K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Stephen East
Director
800$135.99n/an/aSep 24, 2026Sep 25, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Toll Brothers, Inc. CEO selling stock?

No. Karl Mistry reported no open-market sales in the past 12 months.

Why are Toll Brothers, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Toll Brothers, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Douglas Yearley Jr.
Executive Chairman, Director
$23.7M
150K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Robert Parahus
President & COO
$1.1M
7.5K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Paul Shapiro
Director
$582K
4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
John McLean
Director
$355K
2.3K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Stephen East
Director
$248K
1.8K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 18 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 16, 2025SoldHeld Oct 16, 2026Still held
Douglas Yearley Jr.
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Douglas Yearley Jr. are complete.
Executive Chairman, Director
n/a−150Kn/an/a
Vesting, gifts, unvested awards and holding lines for Douglas Yearley Jr.

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Douglas Yearley Jr. are complete; balances and unit counts will be added when the check is finished.

−20Kgifted (net of own trusts)
−53Kwithheld by the company for taxes
Paul Shapiro
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Paul Shapiro are complete.
Director
n/a−4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Paul Shapiro

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Paul Shapiro are complete; balances and unit counts will be added when the check is finished.

−73gifted (net of own trusts)
Robert Parahus
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Robert Parahus are complete.
President & COO
n/a−7.5Kn/an/a
Vesting, gifts, unvested awards and holding lines for Robert Parahus

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Robert Parahus are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−8.2Kwithheld by the company for taxes
Gregg Ziegler
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gregg Ziegler are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Gregg Ziegler

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gregg Ziegler are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−2.8Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,555$47.84Dec 18, 2027$225K
5,166$39.51Dec 18, 2029$498K
2,804$50.11Dec 19, 2032$241K
4,500$32.42Dec 20, 2028$466K
2,156$67.15Dec 20, 2031$148K

Estimate: options held × ($135.99 − strike price), using the most recent insider trade price on Form 4 (Sep 24, 2026), not a market close.

John McLean
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for John McLean are complete.
Director
n/a−2.3Kn/an/a
Vesting, gifts, unvested awards and holding lines for John McLean

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for John McLean are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Martin Connor
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Martin Connor are complete.
Chief Financial Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Martin Connor

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Martin Connor are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Karen Grimes
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karen Grimes are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Karen Grimes

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karen Grimes are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Wendell Pritchett
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Wendell Pritchett are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Wendell Pritchett

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Wendell Pritchett are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Stephen East
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stephen East are complete.
Director
n/a−1.8Kn/an/a
Vesting, gifts, unvested awards and holding lines for Stephen East

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stephen East are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Christine Garvey
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christine Garvey are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Christine Garvey

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christine Garvey are complete; balances and unit counts will be added when the check is finished.

−1.3Kgifted (net of own trusts)
Scott Stowell
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Scott Stowell are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Scott Stowell

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Scott Stowell are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Derek Kan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Derek Kan are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Derek Kan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Derek Kan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Seth Ring
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Seth Ring are complete.
President, COO, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Seth Ring

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Seth Ring are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Michael Grubb
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Michael Grubb are complete.
SVP & Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Michael Grubb

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Michael Grubb are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−380withheld by the company for taxes
Erica Mainardi
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Erica Mainardi are complete.
SVP & Chief Accounting Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Erica Mainardi

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Erica Mainardi are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Karl Mistry
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Karl Mistry are complete.
Chief Executive Officer, Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Karl Mistry

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Karl Mistry are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Katherine Sandstrom
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Katherine Sandstrom are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Katherine Sandstrom

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Katherine Sandstrom are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Judith Reinsdorf
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Judith Reinsdorf are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Judith Reinsdorf

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Judith Reinsdorf are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Toll Brothers, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$26.1M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $26.1M across 165,665 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $26.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $23.7M of it is Douglas Yearley Jr.. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Douglas Yearley Jr., Jun 18, 2026

Taxes

64,129 shares ($9.0M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Douglas Yearley Jr.
Executive Chairman, Director
150K$23.7M0%91%Feb 24, 2026 to Jun 18, 2026
Robert Parahus
President & COO
7.5K$1.1M0%4%Jun 18, 2026 to Jun 18, 2026
Paul Shapiro
Director
4K$582K0%2%Jan 15, 2026 to Jan 15, 2026
John McLean
Director
2.3K$355K0%1%Mar 4, 2026 to Mar 4, 2026
Stephen East
Director
1.8K$248K0%1.0%Apr 15, 2026 to Sep 24, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$582K$0$0$582K
Feb 2026$11.5M$0$0$11.5M
Mar 2026$355K$0$0$355K
Apr 2026$140K$0$0$140K
May 2026$0$0$0$0
Jun 2026$13.3M$0$0$13.3M
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$109K$0$0$109K
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 5 insiders sold; the average is 7 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 16, 2026
Latest 12 months
166K5$26.1M
Oct 16, 2025
1 year earlier
94K8$12.6M
Oct 16, 2024
2 years earlier
479K10$63.3M
Oct 17, 2023
3 years earlier
591K6$38.6M
Oct 17, 2022
4 years earlier
83K6$5.9M
Oct 17, 2021
5 years earlier
1.90M7$105M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty18 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Toll Brothers, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,110 filings on record, 46 filed in the 12-month period, and how we read them

All 1,110 Forms 3, 4 and 5 on record for Toll Brothers, Inc. (SEC CIK 794170), filed from Jun 18, 2003 to Sep 25, 2026; 46 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Probable 2-for-1 stock split on or before Jul 11, 2005 (first filing that shows post-split balances). Splits aren't reported as transactions; 21 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (14)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.