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

Role
Executive Chairman & Co-CEO, Director, 10%+ Owner
Signature
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
Stock symbol
LEN, LEN.B
Transactions as of
Jan 8, 2024
Transactions value $
-$2,985,006
Form type
4
Date filed
1/10/2024, 05:17 PM
Previous filing
Dec 29, 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 +124K +8.01% $0.00 1.68M Jan 8, 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +53.2K +3.18% $0.00 1.73M Jan 8, 2024 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability -$2.99M -20K -1.16% $149.31 1.71M Jan 8, 2024 Direct F3
holding LEN, LEN.B Class B Common Stock 121K Jan 8, 2024 Direct
holding LEN, LEN.B Class A Common Stock 14.5K Jan 8, 2024 By Trust F4
holding LEN, LEN.B Class A Common Stock 19.8K Jan 8, 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 2.49K Jan 8, 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 21.6M Jan 8, 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.