Diane Bessette - Feb 28, 2022 Form 4 Insider Report for LENNAR CORP /NEW/ (LENB)

Role
VP/CFO/Treasurer
Signature
/s/ Mark Sustana as attorney-in-fact for Diane Bessette
Stock symbol
LENB
Transactions as of
Feb 28, 2022
Transactions value $
-$442,839
Form type
4
Date filed
3/2/2022, 03:51 PM
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LENB Class A Common Stock Award $0 +25K +10.39% $0.00 266K Feb 28, 2022 Direct F1
transaction LENB Class A Common Stock Tax liability -$443K -4.93K -1.85% $89.88 261K Feb 28, 2022 Direct F2
holding LENB Class A Common Stock 3.48K Feb 28, 2022 By spouse as UTMA FL custodian for minor child F3
holding LENB Class A Common Stock 3.48K Feb 28, 2022 By reporting person as UTMA FL for minor child F4
holding LENB Class B Common Stock 69 Feb 28, 2022 Direct
holding LENB Class B Common Stock 3.51K Feb 28, 2022 By spouse as UTMA FL custodian for minor child F3
holding LENB Class B Common Stock 3.51K Feb 28, 2022 By reporting person as UTMA FL for minor child F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12,520 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 12,520 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.
F2 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on February 28, 2022.
F3 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.
F4 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.