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    Douglas C. Yearley, Jr.

    Chairman of the Board and CEO at Toll Brothers Inc
    Board
    Since November 1, 2018
    Age
    64 years
    Tenure
    Joined TOL in 1990 and held key positions including Senior Vice President (2002–2005), Regional President (2005–2009), and Executive Vice President (2009–2010) before being promoted to CEO and board member in June 2010 and later assuming the role of Chairman in November 2018.

    Also at Toll Brothers Inc

    MPC
    Martin P. Connor
    SVP and CFO
    RP
    Robert Parahus
    President and COO

    About

    Douglas C. Yearley, Jr. began his career as a commercial litigator in New Jersey, developing the legal and analytical skills that would later support his work in project finance and land acquisitions at TOL.

    After joining the company in 1990, he quickly demonstrated his leadership capabilities and moved through several important roles, serving as Senior Vice President, Regional President, and Executive Vice President. This progression highlighted his ability to drive operational success and strategic growth.

    In June 2010, he was promoted to CEO and became a member of the board, cementing his influence on the company’s strategic direction. His leadership was further recognized in November 2018 when he assumed the role of Chairman, steering the company through significant market expansions.

    His career at TOL reflects a strong blend of legal expertise and operational leadership. His contributions have been instrumental in positioning the company as a leader in the luxury homebuilding sector, and his strategic vision was acknowledged when he was named one of Barron’s Top 25 CEOs in 2024.

    $TOL Performance Under Douglas C. Yearley, Jr.

    Past Roles

    OrganizationRoleDate RangeDetails
    Toll Brothers, Inc. Executive Vice President November 2009 - June 2010 Held prior to assuming the CEO role
    Toll Brothers, Inc. Regional President November 2005 - November 2009 Served before promotion to Executive Vice President
    Toll Brothers, Inc. Senior Vice President January 2002 - November 2005 Held this position prior to Regional President role
    Toll Brothers, Inc. Officer From 1994 Became an officer in 1994
    Toll Brothers, Inc. Specialized in Land Acquisitions and Project Finance From 1990 Joined the company in 1990 focusing on land acquisitions and project finance
    New Jersey Legal Practice Commercial Litigator Prior to 1990 Practiced law in New Jersey as a commercial litigator

    External Roles

    OrganizationRoleDate RangeDetails
    Univest Financial Corporation Director Current Publicly traded banking and financial services provider serving customers primarily in Pennsylvania and New Jersey

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,200,000Annual (2024)Fixed annual salary
    Company Contributions to 401(k) Plan $13,200Annual (2024)Company matching contribution
    Executive Long-Term Disability Insurance Premiums $2,511Annual (2024)N/A
    Auto and Gas Allowance $15,900Annual (2024)N/A
    Non-Business Use of Cars and Drivers $7,860Annual (2024)N/A

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Bonus - Formulaic Component

    MetricThreshold AmountTarget AmountMaximum AmountActual PerformancePayout %
    Pre-Tax Income (PTI) $1,373,976,000 $1,717,470,000 $2,060,964,000 $2,018,108,000 (achieved at 117.5% of target )143.8%

    *Note: The bonus is based on the PTI metric with performance adjustments due to unbudgeted pre-tax impacts. *

    Annual Incentive Bonus - Qualitative Component

    ParameterValue
    Weight30%
    Target Bonus Amount$1,710,000
    Actual Bonus Award$2,223,000 (130% of target)
    Payment TypeCash; No vesting schedule
    Evaluation CriteriaBased on qualitative performance measures including home sales, strategic initiatives, and satisfaction metrics

    Operational PRSUs (Ops PRSUs)

    MetricThresholdTargetMaximumActual PerformanceVesting ScheduleGrant Details
    Units 8,080 units 10,100 units 12,120 units 10,813 units (107.1% of target) Pro-rata vesting over 4 years Grant Date: Dec 20, 2023 ; Fair Value: $2,239,299 ; Stock price: N/A
    Margin 22.3% 27.9% 33.5% 28.4% (101.7% of target) Same as aboveSame as above

    *Overall, Ops PRSUs earned reached 111.0% of the granted amount. *

    ROE PRSUs

    ParameterThreshold/Target ValueEarned Percentage of SharesVesting ScheduleGrant Details
    Return on Equity (ROE) Threshold: 16.0% (75%); Target: 20.0% (100%); Maximum: 24.0% (150%) Actual ROE 22.1% resulting in 126.5% of target shares Vests at end of a 3-year performance period (Immediate vesting upon qualified retirement )Grant Date: Dec 20, 2023 ; Fair Value: $1,220,597 ; Stock price: N/A

    *Evaluation Period for all performance components is fiscal 2024. Additional performance metrics and adjustments were applied based on committee assessments and specific performance conditions. *