Stuart A. Miller - 08 Jan 2024 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN)

Signature
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
Issuer symbol
LEN
Transactions as of
08 Jan 2024
Net transactions value
-$2,985,006
Form type
4
Filing time
10 Jan 2024, 17:17:35 UTC
Previous filing
29 Dec 2023
Next filing
01 Mar 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 +124,240 +8% $0.000000 1,675,568 08 Jan 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +53,245 +3.2% $0.000000 1,728,813 08 Jan 2024 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability $2,985,006 -19,992 -1.2% $149.31 1,708,821 08 Jan 2024 Direct F3
holding LEN, LEN.B Class B Common Stock 121,323 08 Jan 2024 Direct
holding LEN, LEN.B Class A Common Stock 14,476 08 Jan 2024 By Trust F4
holding LEN, LEN.B Class A Common Stock 19,817 08 Jan 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 2,494 08 Jan 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 21,629,137 08 Jan 2024 By Family Trust F4
* 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 Mr. Miller has sole voting and investment power with respect to these shares, even though he has only limited pecuniary interest in these shares. Mr. Miller disclaims beneficial ownership of these shares except to the extent of such pecuniary interest.