Collins David M 4

What Happened
David M. Collins, VP & Controller of Lennar Corp (LEN), was granted 8,687 shares of Class A common stock on January 20, 2026. The grant was reported as an award (transaction code A) with an acquisition price of $0.00, so Collins did not pay cash for these shares.

Key Details

• Transaction date: 2026-01-20 (reported on Form 4 filed 2026-01-22). Transaction code: A (award/grant).
• Shares granted: 8,687 Class A shares. Price per share: $0.00 (value recorded as $0 at acquisition).
• Shares owned after transaction: not specified in the excerpt provided — see the full Form 4 for post-transaction holdings.
• Vesting/footnote: Grant vests in three equal installments on Feb 14, 2027; Feb 14, 2028; and Feb 14, 2029 and is subject to forfeiture per its terms (Footnote F1).
• Timeliness: Filing was made on Jan 22, 2026 for a Jan 20, 2026 grant; this appears to be a timely Form 4 filing.

Context
This was an equity award, not an open-market purchase or sale. Awarded shares typically vest over time and may be forfeited if conditions aren’t met, so they do not represent immediately tradable stock. Such grants are common as part of executive compensation and should be interpreted as a compensation event rather than a direct bullish or bearish trading signal.