secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0000794170-26-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers CEO Doug Yearley to become Executive Chairman; Karl Mistry named CEO effective March 30, 2026
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- Karl Mistry, EVP since 2021, promoted to CEO effective March 30, 2026; also to join Board.
- Doug Yearley transitions to Executive Chairman; will receive $6.6M total comp starting FY2027.
- Mistry's compensation: $1M base salary; $2.25M target cash bonus; $4.25M annual equity award.
- Yearley has been CEO since 2010; Mistry is a 22-year company veteran, most recently managing Eastern ops across 15 states.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417026000006/0000794170-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417026000006/tol-20260105.htm
  HTML page:      https://secwatch.observer/filing/0000794170-26-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer