HUDSON SHERRILL W 4

What Happened
Hudson Sherrill, a member of the board of directors of Lennar Corp (LEN), was granted 12 restricted stock units (RSUs) on April 22, 2026. The filing values the award at $94.45 per share, for a total reported value of approximately $1,133. This was an award (transaction code A) issued as a dividend-equivalent under Lennar’s outside directors’ compensation program, not an open-market purchase or sale.

Key Details

• Transaction date and value: 2026-04-22; 12 RSUs at $94.45 each; total ~$1,133.
• Award type: RSUs granted as dividend-equivalents tied to the issuer’s common stock dividend with record date April 22, 2026.
• Vesting: These RSUs will vest at the same time as the related annual RSU grant. Fractional amounts were rounded to the nearest whole share (Footnote F1).
• Pricing note: $94.45 is the closing price per share as of the record date (Footnote F2).
• Shares owned after transaction: not specified in the provided filing summary.
• Timeliness: Filing shows the Form 4 was submitted on April 24, 2026 for a transaction on April 22, 2026; no late filing is indicated.

Context
This was a routine compensation-related award to a non-employee director (dividend-equivalent RSUs) and should be viewed as part of Lennar’s director pay program rather than a direct market purchase or sale signaling personal trading intent. The award will vest according to the schedule of the related annual RSU grant.