Diane Bessette - Jan 8, 2024 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN, LEN.B)

Role
VP/CFO/Treasurer
Signature
/s/ Mark Sustana as attorney-in-fact for Diane Bessette
Stock symbol
LEN, LEN.B
Transactions as of
Jan 8, 2024
Transactions value $
-$496,605
Form type
4
Date filed
1/10/2024, 05:13 PM
Previous filing
Dec 28, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEN, LEN.B Class A Common Stock Award $0 +10.9K +4.18% $0.00 271K Jan 8, 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +10.9K +4.01% $0.00 282K Jan 8, 2024 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability -$497K -3.33K -1.18% $149.31 279K Jan 8, 2024 Direct F3
holding LEN, LEN.B Class A Common Stock 3.48K Jan 8, 2024 By spouse as UTMA FL custodian for minor child F4
holding LEN, LEN.B Class A Common Stock 3.48K Jan 8, 2024 By reporting person as UTMA FL for minor child F5
holding LEN, LEN.B Class B Common Stock 3.51K Jan 8, 2024 By spouse as UTMA FL custodian for minor child F4
holding LEN, LEN.B Class B Common Stock 3.51K Jan 8, 2024 By reporting person as UTMA FL for minor child F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.
F2 The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2025, February 14, 2026, and February 14, 2027. The grants are subject to forfeiture in accordance with their terms.
F3 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on January 8, 2024.
F4 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.
F5 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.