Gilliam Theron I 4
4 · LENNAR CORP /NEW/ · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Lennar (LEN) Director Gilliam Theron Receives 12 RSUs
What Happened
Gilliam Theron I, a director of Lennar Corporation (LEN), was granted 12 restricted stock units (RSUs) on April 22, 2026. The award is valued at about $94.45 per share (closing price on the record date), for a total value of approximately $1,133. This was an award/compensation grant (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-04-22; Filing date (Form 4): 2026-04-24 (filed within the normal 2‑business‑day window).
- Award type/code: A (Grant/Award/Acquisition of RSUs).
- Quantity and value: 12 RSUs × $94.45 = ~$1,133.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: These RSUs were issued as dividend equivalents on the issuer's common stock (record date April 22, 2026) and will vest at the same time as the related annual RSU grant; fractional amounts rounded to the nearest whole share.
- F2: $94.45 is the closing price per share used to value the award on the record date.
Context
This award reflects routine director compensation (dividend‑equivalent RSUs) rather than a market purchase or sale. Such grants are typical for outside directors and vest according to the underlying annual RSU schedule; they should be viewed as compensation disclosures rather than direct signals of the insider's trading intent.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-04-22$94.45/sh+12$1,133→ 36,809 total
- 432
Class B Common Stock
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.
- [F2]Represents the closing price per share of Issuer's common stock as of the record date.