LENNAR CORP /NEW/ — Director's Dealing 2023

Mar 2, 2023

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: McCall Jeffrey Joseph (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Class A Common Stock	A	18100	$0.00	Acquired	160427	Direct
2023-02-28	Class A Common Stock	A	11608	$0.00	Acquired	172035	Direct
2023-02-28	Class A Common Stock	F	10649	$96.74	Disposed	161386	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	2883	Direct

Footnotes

F1: 9,050 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 9,050 shares granted vest in three equal amounts on each of February 14, 2024, February 14, 2025 and February 14, 2026, subject to forfeiture in accordance with the terms of the grant.

F2: On February 28, 2020, the reporting person was granted a target award of 12,429 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 12,429 shares of Class A common stock vested and the reporting person was granted an additional 11,608 shares of Class A common stock.

F3: 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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2020.