Diane J. Bessette - Feb 27, 2025 Form 4 Insider Report for LENNAR CORP /NEW/ (LEN, LEN.B)

Signature
/s/ Mark Sustana as attorney-in-fact for Diane J. Bessette
Stock symbol
LEN, LEN.B
Transactions as of
Feb 27, 2025
Transactions value $
-$550,211
Form type
4
Date filed
3/3/2025, 09:28 PM
Previous filing
Jan 17, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEN, LEN.B Class A Common Stock Disposed to Issuer $0 -904 -0.29% $0.00 309K Feb 27, 2025 Direct F1
transaction LEN, LEN.B Class A Common Stock Tax liability -$550K -4.57K -1.48% $120.37 304K Feb 27, 2025 Direct F2
holding LEN, LEN.B Class A Common Stock 3.48K Feb 27, 2025 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class A Common Stock 3.48K Feb 27, 2025 By reporting person as UTMA FL for minor child F4
holding LEN, LEN.B Class B Common Stock 3.51K Feb 27, 2025 By spouse as UTMA FL custodian for minor child F3
holding LEN, LEN.B Class B Common Stock 3.51K Feb 27, 2025 By reporting person as UTMA FL for minor child F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 On February 28, 2022, the reporting person was granted a target award of 12,520 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period, which ended on November 30, 2024. This grant was reported when it occurred. As a result of Company's failure to achieve certain financial performance goals, the 904 shares of Class A common stock were forfeited.
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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2022.
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.