{"schema_version":"secwatch.filing_event.v1","accession":"0000794170-26-000079","form_type":"8-K","ticker":"TOL","cik":"0000794170","company_name":"Toll Brothers, Inc.","filed_at":"2026-05-13T20:44:24+00:00","discovered_at":"2026-05-13T20:45:00.292728+00:00","generated_at":"2026-05-13T20:47:53.466120+00:00","sec_items":["5.02","8.01","9.01","99.1"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Toll Brothers: COO Parahus retiring June 30; EVP Seth Ring named successor","bullets":["Robert Parahus to retire as President/COO effective June 30, 2026; will serve as senior advisor through June 2027 at $1.85M total comp.","Seth J. Ring, EVP and 22-year veteran, appointed President/COO and elected to Board effective June 30, 2026.","Ring receives $1M base salary, $1.75M bonus target, and $3.75M annual equity award pro-rated for fiscal 2026.","Ring led Shapell Homes acquisition integration (2013) and currently oversees Western homebuilding operations.","Parahus retirement marks end of 40-year Toll Brothers career; CEO Yearley and Mistry praise his leadership."],"urls":{"canonical":"https://secwatch.observer/filing/0000794170-26-000079","json":"https://secwatch.observer/filing/0000794170-26-000079.json","markdown":"https://secwatch.observer/filing/0000794170-26-000079.md","text":"https://secwatch.observer/filing/0000794170-26-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/tol-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-13T20:47:53.466120+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"110bee64ce","claim":"Seth J. Ring was appointed as President and Chief Operating Officer at Toll Brothers, Inc..","evidence_excerpt":"The Board of Directors (the “Board”) of the Company has appointed Seth J. Ring, currently an Executive Vice President of the Company, to succeed Mr. Parahus upon his retirement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"48cfaa074c","claim":"Robert Parahus departed as President and Chief Operating Officer at Toll Brothers, Inc..","evidence_excerpt":"On May 12, 2026, Mr. Robert Parahus notified Toll Brothers, Inc. (the “Company”), of his decision to retire as President and Chief Operating Officer effective June 30, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"fe1e8e5a3f","claim":"Seth J. Ring was elected as Director at Toll Brothers, Inc..","evidence_excerpt":"Also effective June 30, 2026, the Board approved an increase in its size to 11 members and elected Mr. Ring to fill the vacancy, with a term expiring at the 2027 annual meeting of stockholders and until his successor is duly elected and qualified.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}