Lennar Director Armando J. Olivera Receives Award (535 DSUs)

What Happened Armando J. Olivera, a director of Lennar Corp (LEN), was granted 535 deferred stock units (DSUs) on 2026-08-31 at an attributable value of $84.11 each, totaling $44,999. This filing reports an award/acquisition (A) of DSUs issued in lieu of a quarterly cash retainer; the units are fully vested at grant.

Key Details

• Transaction date: 2026-08-31; per-unit value reported: $84.11; total value: $44,999.
• Instrument: Deferred Stock Units (DSUs) issued in lieu of a cash director retainer (footnote F1).
• Vesting/conversion: DSUs are fully vested upon grant but do not convert into Class A common stock until the reporting person ceases Board service. Fractional amounts rounded down.
• Shares owned after transaction: Not specified in this Form 4.
• Filing: Form 4 filed 2026-09-02 (within the typical two-business-day reporting window).

Context DSUs are a common form of non-cash director compensation and represent an economic interest that will convert to shares only when the director leaves the board, so they are not currently tradable shares. Such awards are routine for board members and are recorded here for disclosure; the filing does not state any additional trading plan or sale.