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

Role
Executive Chairman & Co-CEO, Director, More than 10% owner
Signature
/s/ Mark Sustana as attorney-in-fact for Stuart Miller
Stock symbol
LEN, LEN.B
Transactions as of
Feb 28, 2024
Transactions value $
-$8,365,797
Form type
4
Date filed
3/1/2024, 04:21 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 +Grant/Award $0 +60,134 +3.53% $0.00 1,762,295 Feb 28, 2024 Direct F1
transaction LEN, LEN.B Class A Common Stock -Tax liability -$8,365,797 -54,394 -3.09% $153.80 1,707,901 Feb 28, 2024 Direct F2
holding LEN, LEN.B Class B Common Stock 121,323 Feb 28, 2024 Direct
holding LEN, LEN.B Class A Common Stock 6,660 Feb 28, 2024 By GRAT
holding LEN, LEN.B Class A Common Stock 14,476 Feb 28, 2024 By Trust F3
holding LEN, LEN.B Class A Common Stock 19,817 Feb 28, 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 2,494 Feb 28, 2024 By ESOP Trust
holding LEN, LEN.B Class B Common Stock 21,629,137 Feb 28, 2024 By Family Trust F3

Explanation of Responses:

Id Content
F1 On February 26, 2021, the reporting person was granted a target award of 78,097 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 78,097 shares of Class A common stock vested and the reporting person was granted an additional 60,134 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 The grant of shares subject to performance-based vesting conditions was originally made on February 26, 2021.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 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.