BESSETTE DIANE J 4

Accession 0001193125-26-019776

CIK 0000920760other

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 6:20 PM ET

Size

22.9 KB

Accession

0001193125-26-019776

AI-generated summary of this filing

Updated Jan 22, 2026

Lennar (LEN) CFO Diane Bessette Receives Awards; Surrenders Shares for Taxes

What Happened

Diane J. Bessette, Chief Financial Officer of Lennar Corp (LEN), received two grants totaling 41,250 shares of Class A common stock on Jan 20, 2026 (20,625 + 20,625 shares; grant price $0.00). On the same date she surrendered 6,871 shares to the company to satisfy withholding obligations at $115.16 per share (total ~$791,264). The grants are awards (code A) and the surrender is a tax-withholding disposition (code F).

Key Details

Transaction date: January 20, 2026; Form 4 filed January 22, 2026 (within the standard two-business-day reporting window).
Grants: 20,625 shares and 20,625 shares, each granted at $0.00 (restricted stock subject to forfeiture).
Withholding/surrender: 6,871 shares disposed at $115.16 per share for a total of $791,264.
Vesting and restrictions:
- One grant is subject to performance-based vesting over a three-year performance period (subject to forfeiture).
- The other grant vests in three equal installments on Feb 14, 2027, Feb 14, 2028 and Feb 14, 2029 (subject to forfeiture).
The surrendered shares were transferred pursuant to a 10b5-1 plan to satisfy tax withholding on the Jan 20, 2026 restricted stock grant.
Footnotes indicate certain shares are held in custodial accounts or by the spouse for minor children and that the reporting person disclaims beneficial ownership of those custodial shares.
Shares beneficially owned after the transaction are not specified in the provided data.

Context

These awards are restricted stock grants (not open-market purchases) and will vest in the future subject to performance and time-based conditions; they do not represent an immediate purchase signal.
The share surrender was a tax-withholding action (routine), not an open-market sale; such withholdings are common when restricted stock is granted.

Form 4

Period: 2026-01-20

VP & Chief Financial Officer

Transactions

Award
Class A Common Stock
[F1]
2026-01-20+20,625→ 325,114 total
Award
Class A Common Stock
[F2]
2026-01-20+20,625→ 345,739 total
Tax Payment
Class A Common Stock
[F3]
2026-01-20$115.16/sh−6,871$791,264→ 338,868 total

Holdings

Footnotes (5)

[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, 2027, February 14, 2028, and February 14, 2029. These 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 20, 2026.
[F4]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.
[F5]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.

Signature

/s/ Mark Liberman as attorney-in-fact for Diane J. Bessette|2026-01-22

2 files

LENNAR CORP /NEW/

CIK 0000920760

Entity typeother