Lennar (NYSE: LEN) area president reports Class A and B share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Lennar Corporation executive James Buchanan Parker Jr., an Area President, filed an initial ownership report. The Form 3 shows direct holdings of 66,094 shares of Class A common stock and 231 shares of Class B common stock.
The footnotes explain that the Class A position includes 22,869 shares that generally vest in three equal amounts from the grant date and 31,267 shares subject to performance-based vesting over a three-year performance period, which may be forfeited under their terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Parker James Buchanan Jr.
Role
Area President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 66,094 shares (Direct, null);
Class B Common Stock — 231 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Class A shares held: 66,094 shares
Class B shares held: 231 shares
Time-based vesting shares: 22,869 shares
+1 more
4 metrics
Class A shares held
66,094 shares
Direct Class A common stock following reported event
Class B shares held
231 shares
Direct Class B Common Stock following reported event
Time-based vesting shares
22,869 shares
Class A common stock vesting in three equal amounts from grant date
Performance-based shares
31,267 shares
Class A common stock subject to three-year performance-based vesting
Key Terms
Class A common stock, Class B Common Stock, Form 3, performance-based vesting conditions, +1 more
5 terms
Class A common stock financial
"Includes 22,869 shares of Class A common stock that generally vest"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Form 3 regulatory
"The Form 3 shows direct holdings of 66,094 shares of Class A"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
performance-based vesting conditions financial
"31,267 shares of Class A common stock that are subject to performance-based vesting conditions"
forfeiture financial
"Such outstanding awards are subject to forfeiture in accordance with their terms."
FAQ
What does the Lennar (LEN) Form 3 filing by James Buchanan Parker Jr. show?
The Form 3 shows James Buchanan Parker Jr., an Area President at Lennar, reporting initial ownership of 66,094 Class A shares and 231 Class B shares. It establishes his baseline equity position as he becomes subject to insider reporting rules.
Can James Buchanan Parker Jr. lose any of his Lennar (LEN) equity awards?
Yes. The Form 3 notes that 22,869 time-based vesting shares and 31,267 performance-based shares of Lennar Class A common stock are outstanding equity awards that remain subject to forfeiture if vesting conditions or performance targets are not met.
Does the Lennar (LEN) Form 3 indicate any recent buy or sell transactions?
The Form 3 is an initial ownership report and does not show any explicit buy or sell transactions. The entries are labeled as holdings, with transaction direction fields marked as unknown and no transaction share amounts reported.