Lee Martin Katherine 4

What Happened

• Katherine Lee Martin, Chief Legal Officer and Secretary of Lennar Corp (LEN), surrendered a total of 3,955 shares on Feb 14, 2026 to satisfy tax withholding related to vested restricted stock.
• The surrender consisted of 2,966 shares at $122.28 each ($362,682) and 989 shares at $122.28 each ($120,935), for a combined value of approximately $483,617.
• This was a tax-withholding disposition (not an open-market sale or purchase) tied to vesting of restricted stock.

Key Details

• Transaction date: 2026-02-14. Report filed: 2026-02-18 (filing appears timely).
• Prices reported: $122.28 per share for both lots.
• Total shares surrendered: 3,955; total value surrendered: ~$483,617.
• Footnote: Surrendered shares were used to pay the tax liability on restricted stock that was originally granted on September 2, 2025 (footnote F1).
• Shares owned after the transaction: not specified in the provided filing.

Context

• This transaction is a routine tax-withholding event (transaction code F). The company withheld/surrendered vested RSU shares to cover required taxes rather than selling shares in the open market.
• Such withholding transactions are common and do not necessarily signal the insider's view on the company's prospects.