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

Signature
/s/ Mark Sustana as attorney-in-fact for Diane Bessette
Issuer symbol
LEN
Transactions as of
28 Feb 2024
Net transactions value
-$1,291,459
Form type
4
Filing time
01 Mar 2024, 16:17:15 UTC
Previous filing
10 Jan 2024
Next filing
15 Jan 2025

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 +9,282 +3.3% $0.000000 288,280 28 Feb 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock Tax liability $1,291,459 -8,397 -2.9% $153.80 279,883 28 Feb 2024 Direct F2
holding LEN, LEN.B Class A Common Stock 3,475 28 Feb 2024 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class A Common Stock 3,475 28 Feb 2024 By reporting person as UTMA FL for minor child F4
holding LEN, LEN.B Class B Common Stock 3,511 28 Feb 2024 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class B Common Stock 3,511 28 Feb 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 The grant of shares subject to performance-based vesting conditions was originally made on February 26, 2021.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.