Stuart Miller - Jan 12, 2022 Form 4 Insider Report for LENNAR CORP /NEW/ (LENB)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
Stock symbol
LENB
Transactions as of
Jan 12, 2022
Transactions value $
-$2,201,328
Form type
4
Date filed
1/14/2022, 03:47 PM
Previous filing
Jan 7, 2022
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 Award $0 +55.2K +4.28% $0.00 1.35M Jan 12, 2022 Direct F1
transaction LENB Class A Common Stock Tax liability -$2.2M -20.4K -1.52% $107.94 1.32M Jan 12, 2022 Direct F2
holding LENB Class B Common Stock 121K Jan 12, 2022 Direct
holding LENB Class A Common Stock 14.5K Jan 12, 2022 By Trust F3
holding LENB Class A Common Stock 19.4K Jan 12, 2022 By ESOP Trust
holding LENB Class B Common Stock 2.43K Jan 12, 2022 By ESOP Trust
holding LENB Class B Common Stock 21.6M Jan 12, 2022 By Family Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were granted under the 2016 Equity Incentive Plan in lieu of a portion of the cash incentive bonus earned under the 2021 cash bonus plan. The shares are fully vested but subject to a one-year holding period from the date of issuance.
F2 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of stock on January 12, 2022.
F3 Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.