---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-23-000060"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:50:27.541004+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000794170-23-000060
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/0000794170-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/tol-20231213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-23-000060
- JSON: https://secwatch.observer/filing/0000794170-23-000060.json
- Plain text: https://secwatch.observer/filing/0000794170-23-000060.txt

## Key facts
- Executive change
  Katherine M. Sandstrom was appointed as Director at Toll Brothers, Inc..
  - Action: appointed
  - Role: Director
  source text: filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/0000794170-23-000060-index.htm
- Executive change
  Judith A. Reinsdorf was appointed as Director at Toll Brothers, Inc..
  - Action: appointed
  - Role: Director
  source text: filled the newly created vacancy on the Board by appointing each of Judith A. Reinsdorf and Katherine M. Sandstrom as a director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/0000794170-23-000060-index.htm
- Executive change
  Carl B. Marbach departed as Director at Toll Brothers, Inc..
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417023000060/0000794170-23-000060-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.