Diane J. Bessette - 13 Jan 2025 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Role
VP & Chief Financial Officer
Signature
/s/ Mark Sustana as attorney-in-fact for Diane J. Bessette
Issuer symbol
LEN
Transactions as of
13 Jan 2025
Net transactions value
-$792,243
Form type
4
Filing time
15 Jan 2025, 17:03:40 UTC
Previous filing
01 Mar 2024
Next filing
17 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEN, LEN.B Class A Common Stock Award $0 +18,051 +6.4% $0.000000 297,934 13 Jan 2025 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +18,051 +6.1% $0.000000 315,985 13 Jan 2025 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability $792,243 -6,021 -1.9% $131.58 309,964 13 Jan 2025 Direct F3
holding LEN, LEN.B Class A Common Stock 3,475 13 Jan 2025 By spouse as UTMA FL custodian for minor child F4
holding LEN, LEN.B Class A Common Stock 3,475 13 Jan 2025 By reporting person as UTMA FL for minor child F5
holding LEN, LEN.B Class B Common Stock 3,511 13 Jan 2025 By spouse as UTMA FL custodian for minor child F4
holding LEN, LEN.B Class B Common Stock 3,511 13 Jan 2025 By reporting person as UTMA FL for minor child F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.
F2 The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2026, February 14, 2027, and February 14, 2028. The grants are subject to forfeiture in accordance with their terms.
F3 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on January 13, 2025.
F4 Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F5 Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.