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Get filing alertsToll Brothers holds routine annual meeting; all directors elected, exec pay approved
Filed March 11, 2026 · Period ending March 10, 2026 · ~1 min read
Key Changes
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All nine director nominees elected to board with majority support, including CEO Douglas Yearley. Votes ranged from 64.2M to 69.8M shares in favor.
Item 5.07 verify on EDGAR → -
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Shareholders approved executive compensation with 96% support (67M for, 3M against), endorsing current pay practices.
Item 5.07 verify on EDGAR → -
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Independent auditor re-appointment ratified with 98% approval (76.4M for, 1.5M against).
Item 5.07 verify on EDGAR →
Summary
Toll Brothers held its annual shareholder meeting on March 10, 2026, with routine outcomes across all proposals. All nine director nominees were re-elected, though board member Katherine Sandstrom received notably lower support (64.2M votes) compared to peers (69-70M votes), with 5.8M votes against—the highest opposition among directors. This may warrant monitoring in future elections.
Shareholders endorsed the company's executive compensation program with 96% approval and ratified the independent auditor with 98% support. These strong approval rates suggest general shareholder satisfaction with governance and oversight. The filing contains no material business developments or strategic changes. Retail investors should watch for the company's proxy statement later this year, which will detail any changes to director compensation or executive pay structures following this vote.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Annual shareholder meeting held March 10, 2026; all director nominees elected, auditor ratified, executive compensation approved.
Show 3 minor / wording changes
Added in current filing · verify on EDGAR →
Douglas C. Yearley, Jr.68,854,795 1,221,906 60,122 7,866,850
Stephen F. East 69,791,876 283,679 61,268 7,866,850
Karen H. Grimes 68,949,162 1,104,666 82,995 7,866,850
Derek T. Kan 69,808,819 267,439 60,565 7,866,850
John A. McLean 69,003,664 1,073,076 60,083 7,866,850
Wendell E. Pritchett 66,568,813 3,506,395 61,615 7,866,850
Judith A. Reinsdorf 69,666,748 387,861 82,214 7,866,850
Katherine M. Sandstrom 64,229,906 5,845,154 61,763 7,866,850
Scott D. Stowell 69,617,946 457,162 61,715 7,866,850
All nine director nominees were elected to the board. Each nominee received majority support with votes for ranging from approximately 64.2 million to 69.8 million shares. Katherine M. Sandstrom received the lowest support with 64,229,906 votes for and 5,845,154 votes against, while Derek T. Kan received the highest support with 69,808,819 votes for.
Added in current filing · verify on EDGAR →
76,429,5461,500,95373,174
Shareholders ratified the re-appointment of the independent registered public accounting firm with 76,429,546 votes for, 1,500,953 votes against, and 73,174 abstentions. This represents approximately 98% approval.
Added in current filing · verify on EDGAR →
66,975,6753,038,357122,7917,866,850
The advisory vote on executive compensation passed with 66,975,675 votes for, 3,038,357 votes against, and 122,791 abstentions. This represents approximately 96% approval of the company's executive compensation program.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify