Lennar director awarded 14 RSUs from dividend
HUDSON SHERRILL W reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
HUDSON SHERRILL W reported acquisition or exercise transactions in this Form 4 filing.
Lennar director Hudson Sherrill W received a grant of 14 restricted stock units tied to dividend equivalents on his unvested annual RSU award under the outside directors' compensation program at a reference price of $84.2700, bringing his direct holdings to 38,293 Class A and 5,650 Class B shares; the new RSUs will vest at the same time as the related annual grant.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
2 txns
Insider
HUDSON SHERRILL W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 14 | $84.27 | $1K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 38,293 shares (Direct);
Class B Common Stock — 5,650 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of July 10, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.
- F2. Represents the closing price per share of Issuer's common stock as of the record date.
Key Figures
RSUs granted: 14.0000 units
Reference price: $84.2700 per share
Class A shares held: 38293.0000 shares
+1 more
4 metrics
RSUs granted
14.0000 units
Restricted stock units credited as dividend equivalents on unvested annual RSU grant
Reference price
$84.2700 per share
Closing price per share of common stock on the July 10, 2026 dividend record date
Class A shares held
38293.0000 shares
Total direct Class A Common Stock holdings after the July 10, 2026 transaction
Class B shares held
5650.0000 shares
Total direct Class B Common Stock holdings after the holding entry
Key Terms
restricted stock units ("RSUs"), dividend equivalents, outside directors' compensation program
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") issued in respect of the"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
dividend equivalents financial
"including dividend equivalents in respect thereof as a result of the dividend"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
outside directors' compensation program financial
"in accordance with the Issuer's outside directors' compensation program."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Lennar (LEN) director Hudson Sherrill W report?
Hudson Sherrill W reported an acquisition of 14 restricted stock units credited as dividend equivalents under Lennar's outside directors' compensation program. These RSUs are tied to his unvested annual RSU grant and will vest together with that underlying annual award.
How many RSUs did Lennar (LEN) grant to the director and at what price?
Lennar granted 14.0000 RSUs to Hudson Sherrill W, using $84.2700 per share as the reference price. The footnotes state this price equals the closing price of Lennar common stock on the July 10, 2026 dividend record date.
Why were 14 RSUs granted to the Lennar (LEN) director?
The 14.0000 RSUs were issued as dividend equivalents on Hudson Sherrill W's unvested annual RSU grant. They reflect Lennar's common stock dividend with a record date of July 10, 2026, under the company's outside directors' compensation program.
When will the new RSUs granted to the Lennar (LEN) director vest?
The newly credited 14.0000 RSUs will vest at the same time as the related annual RSU grant. Footnotes explain that these RSUs are issued in respect of the existing unvested annual grant, so their vesting schedule matches that underlying award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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