JONATHAN M. JAFFE - 13 Jan 2025 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN, LEN.B)

Role
Co-CEO & President, Director
Signature
/s/ Mark Sustana as attorney-in-fact for Jonathan M. Jaffe
Issuer symbol
LEN, LEN.B
Transactions as of
13 Jan 2025
Transactions value $
-$2,596,337
Form type
4
Filing time
15 Jan 2025, 17:12:46 UTC
Previous filing
01 Mar 2024
Next filing
17 Jan 2025
SEC
View on sec.gov

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 +123K +11.68% $0.00 1.18M 13 Jan 2025 Direct F1
transaction LEN, LEN.B Class A Common Stock Award $0 +52.9K +4.48% $0.00 1.23M 13 Jan 2025 Direct F2
transaction LEN, LEN.B Class A Common Stock Tax liability -$2.6M -19.7K -1.6% $131.58 1.21M 13 Jan 2025 Direct F3
holding LEN, LEN.B Class A Common Stock 1.61K 13 Jan 2025 By ESOP Trust F4
holding LEN, LEN.B Class B Common Stock 23.2K 13 Jan 2025 Direct
holding LEN, LEN.B Class B Common Stock 203 13 Jan 2025 By ESOP Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.
F2 The shares of Class A common stock granted vest in three equal amounts on each February 14, 2026, February 14, 2027, and February 14, 2028. The grants are subject to forfeiture in accordance with their terms.
F3 Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on January 13, 2025.
F4 Represents the number of shares indirectly held by the Reporting Person, as reflected in the Reporting Person's Employee Stock Ownership Plan ("ESOP") account on December 31, 2024.