Form 4 for LEN Lennar
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0001209191-23-014716 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2023-03-02 | 2023-02-28 | LEN | BECKWITT RICHARD | Co-CEO, Co-Pres, Dir | A - Grant | $0.00 | +328.4K | 2.10M | +18% | $0 |
| M | 2023-03-02 | 2023-02-28 | LEN | BECKWITT RICHARD | Co-CEO, Co-Pres, Dir | F - Tax | $96.74 | -100.5K | 2.09M | -5% | -$9.72M |
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 | 2023-02-28 | A | A | 88,538 | $0.00 | 2,164,598 | D | — | — | (F3) On February 28, 2020, the reporting person was granted a target award of 94,795 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 94,795 shares of Class A common stock vested and the reporting person was granted an additional 88,538 shares of Class A common stock. |
| 2 | Common | Class A Common Stock | 2023-02-28 | F | D | 28,313 | $96.74 | 2,076,060 | D | — | — | (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. |
| 3 | Common | Class A Common Stock | 2023-02-28 | A | A | 239,825 | $0.00 | 2,104,373 | D | — | — | (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. |
| 4 | Common | Class A Common Stock | 2023-02-28 | F | D | 72,142 | $96.74 | 2,092,456 | 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 February 28, 2020. |