Richard Beckwitt - 12 Jan 2022 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Role
Co-CEO & Co-President, Director
Signature
/s/ Mark Sustana as attorney-in-fact for Richard Beckwitt
Issuer symbol
LEN
Transactions as of
12 Jan 2022
Net transactions value
-$1,930,291
Form type
4
Filing time
14 Jan 2022, 15:48:21 UTC
Previous filing
10 Jan 2022
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LENB Class A Common Stock Award $0 +48,843 +3.1% $0.000000 1,636,877 12 Jan 2022 Direct F1
transaction LENB Class A Common Stock Tax liability $1,930,291 -17,883 -1.1% $107.94 1,618,994 12 Jan 2022 Direct F2
holding LENB Class A Common Stock 6,000 12 Jan 2022 By Trust F3
holding LENB Class B Common Stock 21,501 12 Jan 2022 Direct
holding LENB Class B Common Stock 120 12 Jan 2022 By 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 The shares are held in a trust for the benefit of the reporting person's spouse.