OLIVERA ARMANDO J 4
4 · LENNAR CORP /NEW/ · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Lennar (LEN) Director Armando J. Olivera Receives 14 DSUs
What Happened Armando J. Olivera, a director of Lennar Corp (LEN), was granted 14 deferred stock units (DSUs) on April 22, 2026. The grant is reported at a per-share closing price of $94.45, giving the award a reported value of approximately $1,322. This was an award/acquisition (code A) — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-22; filing date: 2026-04-24 (filed within the usual Form 4 window).
- Amount: 14 DSUs; price used for valuation: $94.45 per share; total reported value: $1,322.
- Shares/units owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: The DSUs consist of (a) Director's Fee DSUs for deferred quarterly cash director fees (fully vested) and (b) Annual Grant DSUs tied to an unvested annual grant; these DSUs arose due to the issuer’s dividend with a record date of 4/22/2026. DSUs will not convert into Class A common stock until the director leaves the board. Fractional amounts were rounded down.
- Transaction type: Award of deferred compensation (derivative unit), not an immediate equity purchase or sale.
Context DSUs are a common form of director compensation and do not represent immediately tradeable shares. Because these units convert to actual shares only upon the director’s departure from the board, this transaction is generally administrative/compensation-related rather than a direct market signal of the director’s view of the stock. The dollar amount here is modest relative to typical insider trades.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-04-22$94.45/sh+14$1,322→ 22,291 total
- 142
Class B Common Stock
Footnotes (2)
- [F1]Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs"), each 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. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will convert into shares of Class A Common Stock until the Reporting Person ceases to be a member of the Board of Directors. Fractional amounts have been rounded down to the nearest whole number.
- [F2]Represents the closing price per share of Issuer's common stock as of the record date.