Collins David M 4

What Happened

• David M. Collins, Vice President & Controller of Lennar Corporation (LEN), surrendered a total of 3,011 shares to cover tax withholding on vested restricted stock. The transactions were reported as dispositions (code F) on 2026-02-14 at $122.28 per share, totaling about $368,185.
• Breakdown: 1,177 shares for $143,924; 836 shares for $102,226; 998 shares for $122,035. These were tax-withholding share surrenders tied to granted restricted stock — not open-market sales or purchases.

Key Details

• Transaction date: 2026-02-14. Filing date: 2026-02-18 (timeliness not indicated in the excerpt).
• Price: $122.28 per share for all three surrenders.
• Total shares surrendered: 3,011; total value ≈ $368,185.
• Footnotes:
  • F1: Shares surrendered to pay tax on RSUs originally granted 2/28/2023.
  • F2: Shares surrendered to pay tax on RSUs originally granted 1/8/2024.
  • F3: Shares surrendered to pay tax on RSUs originally granted 1/13/2025.
• Transaction code F = tax withholding (shares surrendered to satisfy tax obligations), often a routine administrative action.
• Shares owned after the transactions are not specified in the provided excerpt — check the full SEC Form 4 for post-transaction holdings and any timeliness flag.

Context

• These were "sell-to-cover" style surrenders to meet withholding on vested restricted stock under pre-established 10b5-1 plans—common and generally administrative, not necessarily an indicator of insider sentiment.
• For retail investors: purchases or open-market sales are often more informative about insider conviction; tax-withholding surrenders are routine following vesting events.