JAFFE JONATHAN M 4
4 · LENNAR CORP /NEW/ · Filed Mar 3, 2025
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
JAFFE JONATHAN M
Vice President/COO
Transactions
- Disposition to Issuer
Class A Common Stock
2025-02-27−6,668→ 1,206,566 total - Tax Payment
Class A Common Stock
2025-02-27$120.37/sh−33,732$4,060,321→ 1,172,834 total - Tax Payment
Class A Common Stock
2025-02-27$120.37/sh−28,285$3,404,665→ 1,138,958 total - Disposition to Issuer
Class A Common Stock
2025-02-27−5,591→ 1,167,243 total
Holdings
- 23,153
Class B Common Stock
- 204(indirect: By Trust)
Class B Common Stock
- 1,617(indirect: By Trust)
Class A Common Stock
Footnotes (5)
- [F1]On February 28, 2022, the reporting person was granted a target award of 92,390 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 6,668 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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2022.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]On November 17, 2022, the reporting person was granted a target award of 77,470 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 5,591 shares of Class A common stock were forfeited.
- [F4]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 The grant of shares subject to performance-based vesting conditions was originally made on November 17, 2022.
- [F5]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 February 28, 2025.