(LEN)

Reporting relationship: Co-CEO & Co-President, Director
Issuer ticker: LEN
Reported as of: 28 Feb 2022
Net transaction value: -$9,994,656
SEC form: 4
Accepted by SEC: 02 Mar 2022, 15:49:20 UTC
Prior SEC filing: 14 Jan 2022
Next SEC filing: 27 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Mark Sustana as Attorney-in-Fact for Jonathan M. Jaffe

Key filing fact

Jonathan M. Jaffe filed Form 4 for LENNAR CORP /NEW/ (LEN) on 02 Mar 2022.

Key facts

This page summarizes Jonathan M. Jaffe's Form 4 filing for LENNAR CORP /NEW/ (LEN).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 02 Mar 2022, 15:49.

Change

Previous filing in this sequence was filed on 14 Jan 2022.
Current net transaction value: -$9,994,656.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LENB transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +184,780
Change %: +42%
Price: $0.000000
Shares after: 629,340
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F1

LENB transaction

Class A Common Stock

Tax liability

Transaction value: $3,267,677
Shares: -36,356
Change %: -5.8%
Price: $89.88
Shares after: 592,984
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F2

LENB transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +92,108
Change %: +16%
Price: $0.000000
Shares after: 685,092
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F3

LENB transaction

Class A Common Stock

Tax liability

Transaction value: $6,726,979
Shares: -74,844
Change %: -11%
Price: $89.88
Shares after: 610,248
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F4

LENB holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,667
Date: 28 Feb 2022
Ownership: By ESOP Trust

LENB holding

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 23,153
Date: 28 Feb 2022
Ownership: Direct

LENB holding

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 334
Date: 28 Feb 2022
Ownership: By ESOP Trust

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

92,390 of the shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period, and the other 92,390 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2023, February 14, 2024 and February 14, 2025. The grants are subject to forfeiture in accordance with their terms.

Footnote F2

Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of stock on February 28, 2022.

Footnote F3

On June 25, 2019, the reporting person was granted a target award of 98,092 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2021. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 28, 2022, the 98,092 shares of Class A common stock vested and the reporting person was granted an additional 92,108 shares of Class A common stock.

Footnote F4

Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on June 25, 2019.