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AI brief of an SEC Form 8-K · Toll Brothers (TOL)

Toll Brothers names Karl Mistry CEO effective March 30, 2026; Yearley to become Executive Chair

Neutral Impact 4 of 5 leadership Written later

Toll Brothers said Chairman and CEO Douglas Yearley will become Executive Chairman on March 30, 2026, and Executive Vice President Karl Mistry will succeed him as CEO on that date. Mistry is also expected to join the Board on or about the same date, and the filing lists his base salary, bonus target and equity award. The change is a planned succession, and the filing reports no change to financial results or guidance.

Key points

  • Karl K. Mistry, a Toll Brothers employee since 2004, becomes CEO effective March 30, 2026.
  • Mistry's compensation includes a $1,000,000 base salary, a $2,250,000 targeted annual cash bonus and a $4,250,000 annual equity award.
  • Douglas C. Yearley, Jr., CEO since 2010, will remain as Executive Chair of the Board and is expected to receive $6,600,000 in total compensation starting in fiscal 2027.

The filing

CompanyToll Brothers (TOL)
Form8-K, current report
Filed with the SECJan 7, 2026, 4:39 PM ET
Accession number0000794170-26-000006

Items reported: 5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.