Toll Brothers declares $0.21 quarterly dividend, authorizes new 20M share buyback; appoints two new directors

Toll Brothers, Inc.

Quarterly dividend of $0.21/share payable Jan 26, 2024 to holders of record Jan 12, 2024.
Board approved new 20M share repurchase authorization; $400M budgeted for buybacks in fiscal 2024.
Repurchased 13.3M shares (~12% of shares outstanding) for ~$800M since May 2022.
Judith A. Reinsdorf and Katherine M. Sandstrom appointed to Board, expanding from 10 to 12 directors.
Director Carl B. Marbach (82) will not stand for re-election and will step down at March 2024 annual meeting.

item 5.02 item 7.01 item 9.01 item 99.1

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Katherine M. Sandstrom

Director

TOL · Toll Brothers, Inc.

Effective: 2023-12-13
Filed: December 13, 2023, 6:59 PM ET

filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.

Appointed

Judith A. Reinsdorf

Director

TOL · Toll Brothers, Inc.

Effective: 2023-12-13
Filed: December 13, 2023, 6:59 PM ET

filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.

Departed

Carl B. Marbach

Director

TOL · Toll Brothers, Inc.

Effective: 2024-03-12
Filed: December 13, 2023, 6:59 PM ET

Carl B. Marbach, age 82, has informed the Company that he will not stand for re-election and will step down from the Board at its annual meeting of stockholders on March 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Katherine M. Sandstrom was appointed as Director at Toll Brothers, Inc..

Action: appointed
Role: Director

Exact text from the filing

filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Judith A. Reinsdorf was appointed as Director at Toll Brothers, Inc..

Action: appointed
Role: Director

Exact text from the filing

filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl B. Marbach departed as Director at Toll Brothers, Inc..

Action: will not stand for re-election
Role: Director

Exact text from the filing

Carl B. Marbach, age 82, has informed the Company that he will not stand for re-election and will step down from the Board at its annual meeting of stockholders on March 12, 2024.

View on SEC.gov

Toll Brothers, Inc. filing history →

Source: SEC EDGAR

accession 0000794170-23-000060

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