Diane Bessette - Feb 28, 2024 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN, LEN.B)

Role
VP/CFO/Treasurer
Signature
/s/ Mark Sustana as attorney-in-fact for Diane Bessette
Stock symbol
LEN, LEN.B
Transactions as of
Feb 28, 2024
Transactions value $
-$1,291,459
Form type
4
Date filed
3/1/2024, 04:17 PM
Previous filing
Jan 10, 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 +9.28K +3.33% $0.00 288K Feb 28, 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Tax liability -$1.29M -8.4K -2.91% $153.80 280K Feb 28, 2024 Direct F2
holding LEN, LEN.B Class A Common Stock 3.48K Feb 28, 2024 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class A Common Stock 3.48K Feb 28, 2024 By reporting person as UTMA FL for minor child F4
holding LEN, LEN.B Class B Common Stock 3.51K Feb 28, 2024 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class B Common Stock 3.51K Feb 28, 2024 By reporting person as UTMA FL for minor child F4
* 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 12,055 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 12,055 shares of Class A common stock vested and the reporting person was granted an additional 9,282 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 The grant of shares subject to performance-based vesting conditions was originally made on February 26, 2021.
F3 Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.