Lennar (LEN) director Sonnenfeld gets 251 deferred stock units grant

Rhea-AI Filing Summary

Lennar director Jeffrey Sonnenfeld reported an equity award rather than an open‑market trade. He received 251 deferred stock units of Class A common stock on the company’s stock, valued at $114.36 per share, in lieu of a quarterly cash retainer for his board service.

The deferred stock units are fully vested at grant but will not convert into Class A shares until he leaves the Board of Directors. After this grant, Sonnenfeld directly holds 25,182 Class A shares and 591 Class B shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SONNENFELD JEFFREY

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FL 33126

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LENNAR CORP /NEW/ [ LEN, LEN.B ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/27/2026		A		251(1)	A	$114.36	25,182	D
Class B Common Stock								591	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents deferred stock units ("DSUs") issued in lieu of quarterly cash retainer payment for service as a director. These DSUs are fully vested upon grant but do not 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 to the nearest whole number.

	/s/ Mark Liberman as attorney-in-fact for Jeffrey Sonnenfeld	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Lennar (LEN) director Jeffrey Sonnenfeld report?

Jeffrey Sonnenfeld reported an equity award, not an open-market trade. He received 251 deferred stock units of Lennar Class A common stock as a quarterly director retainer, fully vested upon grant but settling in shares only when he leaves the Board of Directors.

How many Lennar (LEN) Class A shares does Jeffrey Sonnenfeld hold after this Form 4?

After the reported grant, Jeffrey Sonnenfeld directly holds 25,182 shares of Lennar Class A common stock. This total includes the impact of the 251 deferred stock units awarded in lieu of his quarterly cash retainer for serving on the Board of Directors.

What was the value per unit of Jeffrey Sonnenfeld’s Lennar deferred stock unit grant?

Each deferred stock unit was valued at $114.36 per share of Lennar Class A common stock. Sonnenfeld received 251 deferred stock units as a director retainer, fully vested at grant but converting into actual shares only after his Board service ends.

Are Jeffrey Sonnenfeld’s Lennar deferred stock units immediately convertible into shares?

No, the deferred stock units are not immediately convertible into shares. They are fully vested upon grant but will only convert into Lennar Class A common stock when Jeffrey Sonnenfeld ceases to be a member of the Board of Directors, according to the filing footnote.

Did Jeffrey Sonnenfeld buy or sell Lennar (LEN) stock on the market in this filing?

He did not report any open-market buys or sells. The Form 4 shows a grant of 251 deferred stock units of Lennar Class A common stock issued in lieu of a cash retainer for his director service, rather than a discretionary market transaction.

What Lennar Class B holdings does Jeffrey Sonnenfeld report in this Form 4?

The filing shows Jeffrey Sonnenfeld directly holding 591 shares of Lennar Class B common stock after the reported transactions. This reflects his Class B position as of the transaction date, alongside his larger Class A common stock holdings disclosed in the same report.