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LENNAR CORP /NEW/·4

Apr 24, 5:46 PM ET

Gilliam Theron I 4

Research Summary

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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.