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

Signature
/s/ Mark Sustana as attorney-in-fact for Jeff McCall
Issuer symbol
LEN
Transactions as of
28 Feb 2024
Net transactions value
-$1,271,926
Form type
4
Filing time
01 Mar 2024, 16:15:34 UTC
Previous filing
15 Feb 2024
Next filing
14 May 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 +8,121 +5.9% $0.000000 146,899 28 Feb 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Tax liability $1,271,926 -8,270 -5.6% $153.80 138,629 28 Feb 2024 Direct F2
holding LEN, LEN.B Class B Common Stock 2,883 28 Feb 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 The grant of shares subject to performance-based vesting conditions was originally made on February 26, 2021.