Lennar director receives 17 deferred stock units
Lennar Corp director Jeffrey Sonnenfeld reported an automatic grant of 17 deferred stock units tied to Class A Common Stock, valued using the $84.27 closing share price on the July 10, 2026 record date.
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Form Type
4
Rhea-AI Filing Summary
Lennar Corp director Jeffrey Sonnenfeld reported an automatic grant of 17 deferred stock units tied to Class A Common Stock, valued using the $84.27 closing share price on the July 10, 2026 record date. The units are dividend equivalents under the outside directors' compensation program and convert into Class A shares only after he leaves the board. Following these updates, he holds 27,846 Class A shares and 591 Class B shares directly.
Insider Trade Summary
Grant/Award: 17 shares
Grant/Award
2 txns
Insider
SONNENFELD JEFFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 17 | $84.27 | $1K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 27,846 shares (Direct);
Class B Common Stock — 591 shares (Direct)
Footnotes (2)
- F1. Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs") (including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs), each 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. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will convert into shares of Class A Common Stock until the Reporting Person ceases to be a member of the Board of Directors. Fractional amounts have been rounded down to the nearest whole number.
- F2. Represents the closing price per share of Issuer's common stock as of the record date.
Key Figures
Deferred stock units granted: 17 shares
Reference share price: $84.27 per share
Class A Common Stock holdings: 27,846 shares
+1 more
4 metrics
Deferred stock units granted
17 shares
Automatic DSU grant from dividend equivalents on director compensation as of record date July 10, 2026
Reference share price
$84.27 per share
Closing price per share of Lennar common stock on the July 10, 2026 record date used for the DSU grant
Class A Common Stock holdings
27,846 shares
Total Class A shares held directly by Jeffrey Sonnenfeld after the reported transactions
Class B Common Stock holdings
591 shares
Total Class B shares held directly after the reported holdings entry
Key Terms
deferred stock units ("DSUs"), dividend equivalents, outside directors' compensation program, record date
4 terms
deferred stock units ("DSUs") financial
"Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred"
dividend equivalents financial
"including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs"
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"
record date financial
"dividend on the Issuer's common stock with a record date of July 10, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award did Lennar (LEN) director Jeffrey Sonnenfeld report?
Jeffrey Sonnenfeld reported an automatic grant of 17 deferred stock units tied to Lennar Class A Common Stock. The units arose as dividend equivalents on his director fee and annual DSU awards, using the $84.27 closing share price on the July 10, 2026 record date.
How do the reported deferred stock units for Lennar (LEN) work?
The award consists of deferred stock units (DSUs). Director’s Fee DSUs are fully vested, while Annual Grant DSUs vest with the related annual grant. Neither type converts into Class A Common Stock until Jeffrey Sonnenfeld ceases to be a member of Lennar’s board.
Was this Lennar (LEN) Form 4 an open-market stock purchase or sale?
No open-market trade occurred; the filing shows a code A grant, described as a grant, award, or other acquisition. The 17 deferred stock units were issued as dividend-equivalent compensation, rather than shares being bought or sold in the market.
What triggered the new deferred stock units for Lennar (LEN) director Jeffrey Sonnenfeld?
The 17 deferred stock units were issued as dividend equivalents on existing director fee and annual DSU awards. They resulted from a dividend on Lennar’s common stock with a July 10, 2026 record date, under the company’s outside directors’ compensation program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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