Gilliam Theron I 4

What Happened On April 8, 2026, Gilliam Theron I, a director of Lennar Corp (LEN), received a grant of 2,313 restricted stock units (RSUs). The Form 4 reports the acquisition price as $0.00 and an aggregate dollar amount of $0 because these RSUs are compensation awards rather than open-market purchases or sales. The RSUs vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first.

Key Details

• Transaction type: Award/Grant (code A)
• Transaction date: 2026-04-08; Form 4 filed 2026-04-10
• Quantity and price: 2,313 RSUs at $0.00 per share (aggregate $0)
• Vesting: RSUs vest at next annual meeting or on the first anniversary of the grant (whichever is earlier); fractional amounts rounded to nearest whole number (Footnote F1)
• Shares owned after transaction: Not disclosed in this filing
• Timeliness: Filed two days after the grant date (appears to be within the typical two business‑day Form 4 window)

Context RSUs are equity compensation that convert to shares upon vesting and are commonly used for non-employee director pay; they are not a cash purchase or sale and therefore do not, by themselves, signal buying or selling sentiment. Investors should treat this as routine director compensation unless followed by additional transactions (e.g., open-market purchases or sales).