Form 4 for LEN Lennar
Accepted 2025-03-03 00:00:00 ET · period of report 2025-02-27 · accession 0000950170-25-031288 · 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 | MILLER STUART A | Executive COB, Co-CEO, Dir, 10% | D - Sale to Iss | $0.00 | -14.0K | 1.53M | -0.9% | $0 |
| MT | 2025-03-03 | 2025-02-27 | LEN | MILLER STUART A | Executive COB, Co-CEO, Dir, 10% | F - Tax | $120.37 | -76.1K | 1.53M | -5% | -$9.16M |
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 | 7,597 | $0.00 | 1,574,455 | D | — | — | (F1) On February 28, 2022, the reporting person was granted a target award of 105,260 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 7,597 shares of Class A common stock were forfeited. (F2) Includes 3,965 shares previously held through GRAT 1 which were distributed to the reporting person on February 19, 2025 and are now owned directly. |
| 2 | Common | Class A Common Stock | 2025-02-27 | F | D | 35,098 | $120.37 | 1,491,918 | D | — | — | (F5) 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 The grant of shares subject to performance-based vesting conditions was originally made on November 17, 2022. |
| 3 | Common | Class A Common Stock | 2025-02-27 | D | D | 6,428 | $0.00 | 1,527,016 | D | — | — | (F4) On November 17, 2022, the reporting person was granted a target award of 89,064 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 6,428 shares of Class A common stock were forfeited. |
| 4 | Common | Class A Common Stock | 2025-02-27 | F | D | 41,011 | $120.37 | 1,533,444 | D | — | — | (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, 2022. |