JONATHAN M. JAFFE - 08 Jan 2024 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Role
Co-CEO & President, Director
Signature
/s/ Mark Sustana as Attorney-in-Fact for Jonathan M. Jaffe
Issuer symbol
LEN
Transactions as of
08 Jan 2024
Net transactions value
-$2,595,904
Form type
4
Filing time
10 Jan 2024, 17:16:09 UTC
Previous filing
16 Jun 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

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 +108,770 +12% $0.000000 1,022,393 08 Jan 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +46,615 +4.6% $0.000000 1,069,008 08 Jan 2024 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability $2,595,904 -17,386 -1.6% $149.31 1,051,622 08 Jan 2024 Direct F3
holding LEN, LEN.B Class A Common Stock 1,575 08 Jan 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 23,153 08 Jan 2024 Direct
holding LEN, LEN.B Class B Common Stock 198 08 Jan 2024 By ESOP Trust
* 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 stock on January 8, 2024.