BESSETTE DIANE J 4

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.