secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2026-05-13T20:44:24+00:00
Accession:  0000794170-26-000079
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01, 99.1
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/0000794170-26-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417026000079/tol-20260512.htm
  HTML page:      https://secwatch.observer/filing/0000794170-26-000079

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