Jeffrey Joseph McCall - Feb 28, 2024 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN, LEN.B)

Signature
/s/ Mark Sustana as attorney-in-fact for Jeff McCall
Stock symbol
LEN, LEN.B
Transactions as of
Feb 28, 2024
Transactions value $
-$1,271,926
Form type
4
Date filed
3/1/2024, 04:15 PM
Previous filing
Feb 15, 2024
Next filing
May 14, 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 +8.12K +5.85% $0.00 147K Feb 28, 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Tax liability -$1.27M -8.27K -5.63% $153.80 139K Feb 28, 2024 Direct F2
holding LEN, LEN.B Class B Common Stock 2.88K Feb 28, 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2021, the reporting person was granted a target award of 10,547 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2023. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 14, 2024, the 10,547 shares of Class A common stock vested and the reporting person was granted an additional 8,121 shares of Class A common stock.
F2 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 The grant of shares subject to performance-based vesting conditions was originally made on February 26, 2021.