Gilliam Theron I 4

What Happened
Gilliam Theron I, a director of Lennar Corp (LEN), was granted 14 restricted stock units (RSUs) on July 10, 2026. The award is recorded at $84.27 per share, for a total value of approximately $1,180. This was an award (transaction code A) issued as a dividend equivalent under the issuer’s outside directors’ compensation program.

Key Details

• Transaction date: July 10, 2026; Filing date: July 14, 2026 (see note on timeliness below).
• Security: Common stock RSUs; Amount: 14 RSUs; Price used: $84.27 (closing price on record date); Total value: ~$1,180.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes: The RSUs are dividend equivalents tied to the issuer’s dividend with record date July 10, 2026 and will vest at the same time as the related annual RSU grant. Fractional amounts were rounded to the nearest whole share.
• Transaction type: Award/grant (A) — compensation to a director, not an open-market buy or sale.

Context
These RSUs are dividend-equivalent awards under the outside directors’ compensation program and will vest according to the schedule of the related annual RSU grant. Director awards like this are routine compensation and do not necessarily signal a change in insider sentiment. The filing was submitted July 14 for a July 10 transaction; investors may want to check the original Form 4 for any timeliness notes or explanations.