4//SEC Filing
MILLER STUART A 4
Accession 0000950170-25-005919
CIK 0000920760other
Filed
Jan 14, 7:00 PM ET
Accepted
Jan 15, 5:25 PM ET
Size
14.4 KB
Accession
0000950170-25-005919
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
MILLER STUART A
DirectorExecutive Chairman & CEO10% Owner
Transactions
- Tax Payment
Class A Common Stock
2025-01-13$131.58/sh−22,690$2,985,550→ 1,586,587 total - Award
Class A Common Stock
2025-01-13+60,420→ 1,609,277 total - Award
Class A Common Stock
2025-01-13+140,981→ 1,548,857 total
Holdings
- 21,619,137(indirect: By Trust)
Class B Common Stock
- 6,660(indirect: By GRAT 1)
Class A Common Stock
- 2,554(indirect: By Trust)
Class B Common Stock
- 20,255(indirect: By Trust)
Class A Common Stock
- 121,323
Class B Common Stock
- 200,000(indirect: By GRAT 2)
Class A Common Stock
- 14,476(indirect: By Trust)
Class A Common Stock
Footnotes (7)
- [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 of 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]These shares are held by a Grantor Retained Annuity Trust ("GRAT 1") of which Mr. Miller is the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 1 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F5]These shares are held by a Grantor Retained Annuity Trust ("GRAT 2") of which Mr. Miller is the sole beneficiary and sole annuitant, as well as the trustee. Mr. Miller continues to report beneficial ownership of all of the Lennar Class A common stock held by GRAT 2 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F6]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.
- [F7]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.
Documents
Issuer
LENNAR CORP /NEW/
CIK 0000920760
Entity typeother
Related Parties
1- filerCIK 0001049444
Filing Metadata
- Form type
- 4
- Filed
- Jan 14, 7:00 PM ET
- Accepted
- Jan 15, 5:25 PM ET
- Size
- 14.4 KB