OLIVERA ARMANDO J 4
4 · LENNAR CORP /NEW/ · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Lennar Director Armando J. Olivera Receives 19-Share DSU Award
What Happened Armando J. Olivera, a member of the Board of Directors of Lennar Corp. (LEN), was granted 19 deferred stock units (DSUs) on July 10, 2026. The grant was recorded at $84.27 per share, for a total value of $1,601. The transaction is coded as an award/grant (A) rather than an open-market purchase or sale.
Key Details
- Transaction date: July 10, 2026; price used: $84.27 per share (closing price on the record date).
- Amount: 19 DSUs; total reported value: $1,601.
- Shares owned after transaction: not specified in the filing.
- Footnote highlights: these are Director's Fee DSUs (fully vested) and Annual Grant DSUs (vest with the related annual grant); dividend equivalents are included; fractional amounts rounded down. DSUs do not convert into Class A common stock until the director leaves the board. (See F1 and F2.)
- Filing: Form 4 filed July 14, 2026 — within the standard two-business-day reporting window for a July 10 transaction.
Context This was a compensation-related award (deferred stock units) issued under Lennar’s outside directors’ compensation program tied to the dividend record date. DSUs represent deferred compensation and will only convert into shares when the director ceases board service, so this award reflects routine director pay rather than an immediate market purchase or sale.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-07-10$84.27/sh+19$1,601→ 22,812 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") (including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs), each as a result of the dividend on the Issuer's common stock with a record date of July 10, 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.