Mark Sustana - Jul 18, 2021 Form 4 Insider Report for LENNAR CORP /NEW/ (LENB)

Role
VP/General Counsel/Secretary
Signature
/s/ Mark Sustana
Stock symbol
LENB
Transactions as of
Jul 18, 2021
Transactions value $
-$1,353,612
Form type
4
Date filed
7/19/2021, 04:31 PM
Previous filing
Jul 6, 2021
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LENB Class A Common Stock Tax liability -$311K -3.24K -4.42% $95.96 70K Jul 18, 2021 Direct F1
transaction LENB Class A Common Stock Tax liability -$501K -5.22K -7.46% $95.96 64.8K Jul 18, 2021 Direct F2
transaction LENB Class A Common Stock Tax liability -$542K -5.65K -8.71% $95.96 59.2K Jul 18, 2021 Direct F3
holding LENB Class B Common Stock 3.51K Jul 18, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 25, 2019. On July 18, 2021, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
F2 The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on June 25, 2020. On July 18, 2021, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.
F3 The reporting person surrendered shares to pay tax liability on restricted stock pursuant to a 10b5-1 plan. The restricted stock was originally granted on February 26, 2021. On July 18, 2021, the reporting person became eligible for "retirement", as defined in the Lennar Corporation 2016 Equity Incentive Plan, and, as a result, the restricted stock was deemed taxable under applicable tax rules. The reporting person has no intention to retire.