(LEN)

Reporting relationship: Co-CEO & Co-President, Director
Issuer ticker: LEN
Reported as of: 28 Feb 2023
Net transaction value: -$8,865,350
SEC form: 4
Accepted by SEC: 02 Mar 2023, 15:43:35 UTC
Prior SEC filing: 21 Nov 2022
Next SEC filing: 16 Jun 2023
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 2023.

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 2023, 15:43.

Change

Previous filing in this sequence was filed on 21 Nov 2022.
Current net transaction value: -$8,865,350.

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: +239,825
Change %: +35%
Price: $0.000000
Shares after: 927,543
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F1

LENB transaction

Class A Common Stock

Tax liability

Transaction value: $2,739,000
Shares: -28,313
Change %: -3.1%
Price: $96.74
Shares after: 899,230
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F2

LENB transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +77,721
Change %: +8.6%
Price: $0.000000
Shares after: 976,951
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F3

LENB transaction

Class A Common Stock

Tax liability

Transaction value: $6,126,351
Shares: -63,328
Change %: -6.5%
Price: $96.74
Shares after: 913,623
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F4

LENB holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,575
Date: 28 Feb 2023
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 2023
Ownership: Direct

LENB holding

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 198
Date: 28 Feb 2023
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

167,875 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 71,950 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2024, February 14, 2025 and February 14, 2026. 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, 2023.

Footnote F3

On February 28, 2020, the reporting person was granted a target award of 83,214 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2022. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 28, 2023, the 83,214 shares of Class A common stock vested and the reporting person was granted an additional 77,721 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 February 28, 2020.