Home › Companies › TOLL BROTHERS INC. › 2024-2025

TOLL BROTHERS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and TOLL BROTHERS INC.’s Form 8-K, filed March 12, 2025 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 15Reported items
  • 616Asset managers
  • 8,416Fund votes
  • March 11, 2025Meeting date

Results at a glance

Meeting of March 11, 2025: 14 items on TOLL BROTHERS INC.’s Form 8-K, filed March 12, 2025: 14 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore TOLL BROTHERS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by TOLL BROTHERS INC.

These tallies are TOLL BROTHERS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed March 12, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

TOLL BROTHERS INC. — official shareholder meeting results, meeting held March 11, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Douglas C. Yearley, Jr. 76,097,0102,369,313116,818 --9,300,406 97%Not verified—
Elect Director: Stephen F. East 78,120,808340,428121,905 --9,300,406 99.5%Not verified—
Elect Director: Christine N. Garvey 76,720,4141,743,254119,473 --9,300,406 98%Not verified—
Elect Director: Karen H. Grimes 77,589,965850,195142,981 --9,300,406 99%Not verified—
Elect Director: Derek T. Kan 78,118,469344,729119,943 --9,300,406 99.5%Not verified—
Elect Director: John A. McLean 77,163,7791,299,409119,953 --9,300,406 98%Not verified—
Elect Director: Wendell E. Pritchett 77,612,251850,250120,640 --9,300,406 99%Not verified—
Elect Director: Judith A. Reinsdorf 78,114,248349,597119,296 --9,300,406 99.5%Not verified—
Elect Director: Katherine M. Sandstrom 72,331,8476,131,568119,726 --9,300,406 92%Not verified—
Elect Director: Paul E. Shapiro 75,668,0732,797,497117,571 --9,300,406 96%Not verified—
Elect Director: Scott D. Stowell 77,619,612842,095121,434 --9,300,406 99%Not verified—
2. Ratification of the Re-Appointment of Independent Registered Public Accounting Firm 85,401,0452,360,566121,936 ---- 97%Not verified—
3. Advisory and Non-Binding Vote on Executive Compensation (Say on Pay) 76,416,5271,991,908174,706 --9,300,406 97%Not verified—
4. Approval of Amendment to the Toll Brothers, Inc. Second Restated Certificate of Incorporation, as Amended 78,270,776261,83450,531 --9,300,406 99.6%Not verified—

Source: TOLL BROTHERS INC., Form 8-K, filed with the SEC on March 12, 2025 — read the filing on EDGAR.

How asset managers voted at the TOLL BROTHERS INC. 2024-2025 meeting

Each item below shows how the 616 asset managers that disclosed a TOLL BROTHERS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of TOLL BROTHERS INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Director: Christine N. Garvey

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 76,720,414AGAINST: 1,743,254
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Christine N. Garvey

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Christine N. Garvey”): 76,720,414 for, 1,743,254 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,177,105 for, 75,226 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,177,105AGAINST: 75,226ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Christine N. Garvey” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,907256 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

2. Elect Director: Douglas C. Yearley, Jr.

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 76,097,010AGAINST: 2,369,313
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Douglas C. Yearley, Jr.

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Douglas C. Yearley, Jr.”): 76,097,010 for, 2,369,313 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 38,994,641 for, 257,690 against, 73,039 abstained, 17 unknown.

FOR
FOR: 38,994,641AGAINST: 257,690ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Douglas C. Yearley, Jr.” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,142,02768,168 00Mixed
State Street1,162,965198 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust152,365817 00For
AIG/SunAmerica150,3670 00For
John Hancock60,59288,670 00Mixed

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

3. Elect Director: Judith A. Reinsdorf

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 78,114,248AGAINST: 349,597
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Judith A. Reinsdorf

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Judith A. Reinsdorf”): 78,114,248 for, 349,597 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,235,368 for, 16,964 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,235,368AGAINST: 16,964ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Judith A. Reinsdorf” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,991172 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

4. Elect Director: Karen H. Grimes

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 77,589,965AGAINST: 850,195
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Karen H. Grimes

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Karen H. Grimes”): 77,589,965 for, 850,195 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,193,560 for, 34,898 against, 96,913 abstained, 17 unknown.

FOR
FOR: 39,193,560AGAINST: 34,898ABSTAIN: 96,913UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Karen H. Grimes” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,859304 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust152,3650 8170For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

5. Elect Director: Katherine M. Sandstrom

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 7 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%
FOR: 72,331,847AGAINST: 6,131,568
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Katherine M. Sandstrom

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Katherine M. Sandstrom”): 72,331,847 for, 6,131,568 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 34,153,985 for, 5,098,347 against, 73,039 abstained, 17 unknown.

FOR
FOR: 34,153,985AGAINST: 5,098,347ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Katherine M. Sandstrom” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group03,226,194 00Against
Invesco01,755,653 00Against
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,991172 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial124,39950,864 00Mixed
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

6. Elect Director: Paul E. Shapiro

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 75,668,073AGAINST: 2,797,497
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Paul E. Shapiro

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Paul E. Shapiro”): 75,668,073 for, 2,797,497 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 38,967,228 for, 285,104 against, 73,039 abstained, 17 unknown.

FOR
FOR: 38,967,228AGAINST: 285,104ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Paul E. Shapiro” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,776387 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

7. Elect Director: Scott D. Stowell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 77,619,612AGAINST: 842,095
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Scott D. Stowell

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Scott D. Stowell”): 77,619,612 for, 842,095 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,233,516 for, 18,816 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,233,516AGAINST: 18,816ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Scott D. Stowell” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,859304 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

8. Elect Director: Stephen F. East

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 78,120,808AGAINST: 340,428
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Stephen F. East

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Stephen F. East”): 78,120,808 for, 340,428 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,251,839 for, 492 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,251,839AGAINST: 492ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Stephen F. East” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,991172 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

9. Elect Director: Wendell E. Pritchett

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 77,612,251AGAINST: 850,250
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Election of Directors: Wendell E. Pritchett

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Wendell E. Pritchett”): 77,612,251 for, 850,250 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 39,217,434 for, 34,898 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,217,434AGAINST: 34,898ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Wendell E. Pritchett” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,859304 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

10. Elect Director: Derek T. Kan

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 4 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 78,118,469AGAINST: 344,729
Details: description as filed, official tally, votes by 144 asset managers

Description as filed by funds: Election of Directors: Derek T. Kan

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: Derek T. Kan”): 78,118,469 for, 344,729 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 144 asset managers below reported 39,250,041 for, 420 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,250,041AGAINST: 420ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: Derek T. Kan” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,991172 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 144 asset managers. See all 144 in the interactive database.

11. Elect Director: John A. McLean

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 77,163,779AGAINST: 1,299,409
Details: description as filed, official tally, votes by 144 asset managers

Description as filed by funds: Election of Directors: John A. McLean

TOLL BROTHERS INC.’s own tally for this item (“Elect Director: John A. McLean”): 77,163,779 for, 1,299,409 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 144 asset managers below reported 39,231,645 for, 18,816 against, 73,039 abstained, 17 unknown.

FOR
FOR: 39,231,645AGAINST: 18,816ABSTAIN: 73,039UNKNOWN: 17
Largest asset managers voting on “Election of Directors: John A. McLean” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,162,859304 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 144 asset managers. See all 144 in the interactive database.

12. 4. Approval of Amendment to the Toll Brothers, Inc. Second Restated Certificate of Incorporation, as Amended

Outcome not verifiedCORPORATE GOVERNANCEReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 78,270,776AGAINST: 261,834
Details: description as filed, official tally, votes by 137 asset managers

Description as filed by funds: The amendment of the Company's Second Restated Certificate of Incorporation, as amended, to provide that a majority, rather than two-thirds, of the Company's stockholders may remove any director from office, with or without cause.

TOLL BROTHERS INC.’s own tally for this item (“4. Approval of Amendment to the Toll Brothers, Inc. Second Restated Certificate of Incorporation, as Amended”): 78,270,776 for, 261,834 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 137 asset managers below reported 39,202,628 for, 16,154 against.

FOR
FOR: 39,202,628AGAINST: 16,154
Largest asset managers voting on “The amendment of the Company's Second Restated Certificate of Incorporation, as amended, to provide that a maj” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,163,1630 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

13. 3. Advisory and Non-Binding Vote on Executive Compensation (Say on Pay)

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 19 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 76,416,527AGAINST: 1,991,908
Details: description as filed, official tally, votes by 356 asset managers

Description as filed by funds: The approval, in an advisory and non-binding vote, of the compensation of the Company's named executive officers.

TOLL BROTHERS INC.’s own tally for this item (“3. Advisory and Non-Binding Vote on Executive Compensation (Say on Pay)”): 76,416,527 for, 1,991,908 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of TOLL BROTHERS INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (19 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 61 asset managers voting on “The approval, in an advisory and non-binding vote, of the compensation of the Company's named executive office” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock6,728,5490 00For
Prudential/PGIM1,217,7090 00For
Charles Schwab669,6410 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
JPMorgan159,1120 00For
EA Series Trust153,1820 00For
John Hancock149,2620 00For
ETF Series Solutions135,806461 00For
Cambria ETF Trust112,6880 00For
Gateway Trust106,4990 00For
MASTER INVESTMENT PORTFOLIO78,8620 00For
Brighthouse0248 73,0390Abstain
SEI68,919603 00For
Mercer Funds57,7500 00For
SEI Exchange Traded Funds46,8840 00For
Managed Portfolio Series42,4710 00For
Managed Account Series36,2150 00For
Lincoln Financial35,1220 00For
Natixis35,0170 00For
HARBOR FUNDS34,5000 00For
TCW FUNDS INC29,5790 00For
Russell Investments26,6900 00For
Allianz23,1140 00For
Northern Lights Fund Trust IV23,0570 00For

Fund voting reports, all 61 managers: 10,859,330 for, 20,917 against, 73,039 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 300 asset managers voting on “The approval, in an advisory and non-binding vote, of the compensation of the Company's named executive office” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
GREENHAVEN ASSOCIATES INC5,300,7290 00For
BlackRock4,769,346869 00For
JENNISON ASSOCIATES LLC1,324,1722,128 00For
Northern Trust804,0660 00For
Fiera Capital Corp793,9070 00For
Charles Schwab683,4800 00For
LSV ASSET MANAGEMENT669,1700 00For
Bridgewater376,6680 00For
Shellback Capital, LP354,3580 00For
SEI305,686634 00For
BALYASNY ASSET MANAGEMENT L.P.294,5440 00For
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC273,9440 00For
Retirement Systems of Alabama217,7760 00For
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC166,4800 00For
COMERICA BANK130,95310,707 00Mixed
BANK OF AMERICA NA141,5120 00For
ASSETMARK, INC133,809409 00For
Janney Montgomery Scott LLC130,8380 00For
Man Group plc124,4170 00For
NEW YORK STATE TEACHERS RETIREMENT SYSTEM109,3090 00For
Zimmer Partners, LP102,8150 00For
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM94,4540 00For
Riverstone Advisors, LLC91,5590 00For
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM086,706 00Against
Neuberger Berman82,5730 00For

Institutional-manager reports, all 300 managers: 19,213,225 for, 276,643 against, 135 abstained, 2,681 not voted, 17 unknown. Showing the 25 largest; see all in the interactive database.

14. 3. Advisory and Non-Binding Vote on Executive Compensation (Say on Pay)

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 76,416,527AGAINST: 1,991,908
Details: description as filed, official tally, votes by 251 asset managers

Description as filed by funds: The approval, in an advisory and non-binding votes of the compensation of the Company's named executive officers.

TOLL BROTHERS INC.’s own tally for this item (“3. Advisory and Non-Binding Vote on Executive Compensation (Say on Pay)”): 76,416,527 for, 1,991,908 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 79 asset managers voting on “The approval, in an advisory and non-binding votes of the compensation of the Company's named executive office” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Dimensional1,210,1950 00For
State Street1,163,1630 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
BARON SELECT FUNDS476,3000 00For
TIAA235,3850 00For
AQR210,0640 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
Equitable158,4510 00For
AIG/SunAmerica150,3670 00For
Lincoln Financial140,1410 00For
Columbia Threadneedle103,3970 00For
WisdomTree97,9680 00For
T. Rowe Price94,5320 00For
HENNESSY FUNDS TRUST79,2000 00For
BNY Mellon70,8447,934 00Mixed
Northern Trust78,6830 00For
Nationwide62,1580 00For
Calvert56,2550 00For

Fund voting reports, all 79 managers: 28,251,000 for, 10,227 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 194 asset managers voting on “The approval, in an advisory and non-binding votes of the compensation of the Company's named executive office” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
State Street3,379,6490 00For
Capital Group3,248,7040 00For
Fidelity2,464,2910 00For
GEODE CAPITAL MANAGEMENT, LLC2,183,3930 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/2,150,3280 00For
Invesco1,863,5150 00For
Holocene Advisors, LP780,8690 00For
PICTET ASSET MANAGEMENT SA746,5970 00For
MELLON INVESTMENTS Corp727,5150 00For
D1 Capital Partners L.P.685,6530 00For
AQR669,0270 00For
Citadel483,3190 00For
BAMCO INC /NY/476,3000 00For
Dimensional441,7700 00For
Junto Capital Management LP426,4330 00For
Victory Capital416,3920 00For
Point72287,2740 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC284,5850 00For
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.281,8850 00For
UBS0278,355 00Against
Janus Henderson264,2010 00For
Vanguard262,6540 00For
Allianz0261,154 00Against
Employees Retirement System of Texas249,9000 00For
Nuveen243,3740 00For

Institutional-manager reports, all 194 managers: 27,620,009 for, 970,091 against. Showing the 25 largest; see all in the interactive database.

15. 2. Ratification of the Re-Appointment of Independent Registered Public Accounting Firm

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 85,401,045AGAINST: 2,360,566
Details: description as filed, official tally, votes by 141 asset managers

Description as filed by funds: The ratification of the re-appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2025 fiscal year.

TOLL BROTHERS INC.’s own tally for this item (“2. Ratification of the Re-Appointment of Independent Registered Public Accounting Firm”): 85,401,045 for, 2,360,566 against, per its Form 8-K filed March 12, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 141 asset managers below reported 39,030,723 for, 139,918 against, 73,039 abstained.

FOR
FOR: 39,030,723AGAINST: 139,918ABSTAIN: 73,039
Largest asset managers voting on “The ratification of the re-appointment of Ernst & Young LLP as the Company's independent registered public acc” at TOLL BROTHERS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard10,186,4440 00For
BlackRock6,728,5490 00For
Fidelity4,399,1740 00For
Capital Group3,226,1940 00For
Invesco1,755,6530 00For
MFS1,516,6900 00For
Prudential/PGIM1,229,2090 00For
Dimensional1,210,1950 00For
State Street1,163,08083 00For
First Trust1,025,8140 00For
Victory Capital672,8740 00For
Charles Schwab669,6410 00For
BARON SELECT FUNDS476,3000 00For
Jackson National377,5030 00For
Bridge Builder Trust355,1080 00For
TIAA235,3850 00For
AQR210,0640 00For
Lincoln Financial175,2630 00For
American Century165,8250 00For
JANUS INVESTMENT FUND162,6040 00For
JPMorgan159,1120 00For
Equitable158,4510 00For
EA Series Trust153,1820 00For
AIG/SunAmerica150,3670 00For
John Hancock149,2620 00For

Showing the 25 largest of 141 asset managers. See all 141 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of March 12, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest TOLL BROTHERS INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 99,800,000 shares outstanding at the time of that meeting.

Fund voting reports: top TOLL BROTHERS INC. shareholders by shares voted on “Election of Directors: Christine N. Garvey”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 10.21%
2BlackRock 6.74%
3Fidelity 4.41%
4Capital Group 3.23%
5Invesco 1.76%
6MFS 1.52%
7Prudential/PGIM 1.23%
8Dimensional 1.21%
9State Street 1.17%
10First Trust 1.03%
Institutional-manager reports: top TOLL BROTHERS INC. shareholders by shares voted on “The approval, in an advisory and non-binding vote, of the compensation of the Company's named…”, 2024-2025
#Asset manager % of shares outstanding
1GREENHAVEN ASSOCIATES INC 5.31%
2BlackRock 4.78%
3JENNISON ASSOCIATES LLC 1.33%
4Northern Trust 0.81%
5Fiera Capital Corp 0.80%
6Charles Schwab 0.69%
7LSV ASSET MANAGEMENT 0.67%
8Bridgewater 0.38%
9Shellback Capital, LP 0.36%
10SEI 0.31%

Reported TOLL BROTHERS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

TOLL BROTHERS INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
BlackRock 11.65% 13F
Vanguard Group 9.99% 13F
Greenhaven Associates, Inc. 5.61% 13G
Capital World Investors 5.24% 13G
State Street 3.61% 13F
FMR (Fidelity) 2.46% 13F
Dimensional Fund Advisors 2.16% 13F
Norges Bank 1.24% 13F
Invesco 1.17% 13F
Douglas C. Yearley, Jr. 0.91% DEF14A

Percentages above are of 99,800,000 shares outstanding, as reported by TOLL BROTHERS INC. on its Form 10-K dated October 31, 2024 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from TOLL BROTHERS INC.’s 10-K dated October 31, 2024. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At TOLL BROTHERS INC.'s shareholder meeting held March 11, 2025, in the 2024-2025 proxy season, 616 asset managers reported how they voted in their SEC Form N-PX filings, covering 8,416 separate fund positions. Their filings are grouped here into 15 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — The approval, in an advisory and non-binding vote, of the compensation of the Company's named… — FOR was 97% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: TOLL BROTHERS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on March 12, 2025.

TOLL BROTHERS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.