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LENNAR CORP /NEW/ — Director's Dealing 2023
Mar 2, 2023
30122_dirs_2023-03-02_642b6714-5c80-4c18-a8c7-5a1e234c5c0e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LENNAR CORP /NEW/ (LEN, LEN.B)
CIK: 0000920760
Period of Report: 2023-02-28
Reporting Person: JAFFE JONATHAN M (Director, Co-CEO & Co-President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-28 | Class A Common Stock | A | 239825 | $0.00 | Acquired | 927543 | Direct |
| 2023-02-28 | Class A Common Stock | F | 28313 | $96.74 | Disposed | 899230 | Direct |
| 2023-02-28 | Class A Common Stock | A | 77721 | $0.00 | Acquired | 976951 | Direct |
| 2023-02-28 | Class A Common Stock | F | 63328 | $96.74 | Disposed | 913623 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 1575 | Indirect |
| Class B Common Stock | 23153 | Direct |
| Class B Common Stock | 198 | Indirect |
Footnotes
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 stock on February 28, 2023.
F3: On February 28, 2020, the reporting person was granted a target award of 83,214 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 83,214 shares of Class A common stock vested and the reporting person was granted an additional 77,721 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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2020.