4//SEC Filing
BECKWITT RICHARD 4
Accession 0001209191-23-014716
CIK 0000920760other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:37 PM ET
Size
13.0 KB
Accession
0001209191-23-014716
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
BECKWITT RICHARD
Executive Vice President
Transactions
- Award
Class A Common Stock
2023-02-28+239,825→ 2,104,373 total - Tax Payment
Class A Common Stock
2023-02-28$96.74/sh−28,313$2,739,000→ 2,076,060 total - Award
Class A Common Stock
2023-02-28+88,538→ 2,164,598 total - Tax Payment
Class A Common Stock
2023-02-28$96.74/sh−72,142$6,979,017→ 2,092,456 total
Holdings
- 6,000(indirect: By Trust)
Class A Common Stock
- 21,501
Class B Common Stock
- 120(indirect: By Trust)
Class B Common Stock
Footnotes (5)
- [F1]167,875 of the shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period, and the other 71,950 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2024, February 14, 2025 and February 14, 2026. The grants are subject to forfeiture in accordance with their terms.
- [F2]Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on February 28, 2023.
- [F3]On February 28, 2020, the reporting person was granted a target award of 94,795 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2022. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 28, 2023, the 94,795 shares of Class A common stock vested and the reporting person was granted an additional 88,538 shares of Class A common stock.
- [F4]Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2020.
- [F5]The shares are held in a trust for the benefit of the reporting person's spouse.
Documents
Issuer
LENNAR CORP /NEW/
CIK 0000920760
Entity typeother
Related Parties
1- filerCIK 0001197193
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:37 PM ET
- Size
- 13.0 KB