4//SEC Filing
BESSETTE DIANE J 4
Accession 0001209191-23-014729
CIK 0000920760other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:41 PM ET
Size
15.3 KB
Accession
0001209191-23-014729
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
BESSETTE DIANE J
VP & Chief Financial Officer
Transactions
- Award
Class A Common Stock
2023-02-28+33,600→ 294,670 total - Tax Payment
Class A Common Stock
2023-02-28$96.74/sh−6,611$639,548→ 288,059 total - Award
Class A Common Stock
2023-02-28+13,543→ 301,602 total - Tax Payment
Class A Common Stock
2023-02-28$96.74/sh−11,036$1,067,623→ 290,566 total
Holdings
- 3,511(indirect: By Spouse)
Class B Common Stock
- 69
Class B Common Stock
- 3,475(indirect: By Spouse)
Class A Common Stock
- 3,475(indirect: By Children)
Class A Common Stock
- 3,511(indirect: By Children)
Class B Common Stock
Footnotes (6)
- [F1]16,800 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 16,800 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 14,501 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 14,501 shares of Class A common stock vested and the reporting person was granted an additional 13,543 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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2020.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]Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F6]Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Documents
Issuer
LENNAR CORP /NEW/
CIK 0000920760
Entity typeother
Related Parties
1- filerCIK 0001245952
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:41 PM ET
- Size
- 15.3 KB