Form 4 for LEN Lennar
Accepted 2025-03-03 00:00:00 ET · period of report 2025-02-27 · accession 0000950170-25-031286 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MT | 2025-03-03 | 2025-02-27 | LEN | JAFFE JONATHAN M | Pres, Co-CEO, Dir | D - Sale to Iss | $0.00 | -12.3K | 1.21M | -1% | $0 |
| MT | 2025-03-03 | 2025-02-27 | LEN | JAFFE JONATHAN M | Pres, Co-CEO, Dir | F - Tax | $120.37 | -62.0K | 1.14M | -5% | -$7.46M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-02-27 | D | D | 5,591 | $0.00 | 1,167,243 | D | — | — | (F3) On November 17, 2022, the reporting person was granted a target award of 77,470 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period, which ended on November 30, 2024. This grant was reported when it occurred. As a result of Company's failure to achieve certain financial performance goals, the 5,591 shares of Class A common stock were forfeited. |
| 2 | Common | Class A Common Stock | 2025-02-27 | F | D | 33,732 | $120.37 | 1,172,834 | D | — | — | (F2) 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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2022. |
| 3 | Common | Class A Common Stock | 2025-02-27 | F | D | 28,285 | $120.37 | 1,138,958 | D | — | — | (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 The grant of shares subject to performance-based vesting conditions was originally made on November 17, 2022. |
| 4 | Common | Class A Common Stock | 2025-02-27 | D | D | 6,668 | $0.00 | 1,206,566 | D | — | — | (F1) On February 28, 2022, the reporting person was granted a target award of 92,390 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period, which ended on November 30, 2024. This grant was reported when it occurred. As a result of Company's failure to achieve certain financial performance goals, the 6,668 shares of Class A common stock were forfeited. |