---
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"
generated_at: "2026-05-13T20:47:53.466120+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers: COO Parahus retiring June 30; EVP Seth Ring named successor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01, 99.1
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-26-000079
- JSON: https://secwatch.observer/filing/0000794170-26-000079.json
- Plain text: https://secwatch.observer/filing/0000794170-26-000079.txt

## Key facts
- Executive change
  Seth J. Ring was appointed as President and Chief Operating Officer at Toll Brothers, Inc..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm
- Executive change
  Robert Parahus departed as President and Chief Operating Officer at Toll Brothers, Inc..
  - Action: retire
  - Role: President and Chief Operating Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm
- Executive change
  Seth J. Ring was elected as Director at Toll Brothers, Inc..
  - Action: elected
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm

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