Lennar director acquires 535 deferred stock units
Lennar director Armando J. Olivera received fully vested deferred stock units as board compensation, increasing his direct equity-linked holdings in the company.
Rhea-AI Filing Summary
LENNAR CORP (LEN) director Armando J. Olivera reported an acquisition of 535 deferred stock units (DSUs) tied to Class A Common Stock on August 31, 2026. The DSUs were issued in lieu of a quarterly cash retainer for board service, are fully vested upon grant, and will convert into Class A shares only when he ceases to be a director.
Following this grant, Olivera holds 23,347 Class A shares (including DSUs reported as such in the filing context) and 142 Class B shares, all as direct holdings. No Rule 10b5-1 trading plan is reported in connection with these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 535 shares
Grant/Award
2 txns
Insider
OLIVERA ARMANDO J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 535 | $84.11 | $45K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 23,347 shares (Direct);
Class B Common Stock — 142 shares (Direct)
Footnotes (1)
- F1. 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 down to the nearest whole number.
Key Figures
Deferred stock units granted: 535 units
DSU grant price: $84.11 per unit
Class A shares held after transaction: 23,347 shares
+2 more
5 metrics
Deferred stock units granted
535 units
DSUs issued August 31, 2026 in lieu of quarterly cash retainer
DSU grant price
$84.11 per unit
Valuation per DSU for the August 31, 2026 grant
Class A shares held after transaction
23,347 shares
Direct Class A-related holdings following the DSU grant
Class B shares held
142 shares
Direct Class B Common Stock holdings as of August 31, 2026
Rule 10b5-1 plan status
No plan reported
Document-level 10b5-1 checkbox is not marked as affirming a plan
Key Terms
Deferred stock units, Class A Common Stock, quarterly cash retainer payment, Board of Directors
4 terms
Deferred stock units financial
"Represents deferred stock units ("DSUs") issued in lieu of quarterly cash"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Class A Common Stock financial
"do not convert into shares of Class A common stock until"
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.
quarterly cash retainer payment financial
"issued in lieu of quarterly cash retainer payment for service as a director"
Board of Directors regulatory
"until the reporting person ceases to be a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Lennar (LEN) director Armando J. Olivera report on this Form 4?
He reported an acquisition of 535 deferred stock units (DSUs) linked to Lennar Class A Common Stock on August 31, 2026, issued as part of his quarterly board compensation.
How were the new Lennar (LEN) DSUs granted to Armando J. Olivera structured?
The 535 DSUs were issued in lieu of a quarterly cash retainer for board service. They are fully vested upon grant but will not convert into Class A Common Stock until he ceases to be a member of the Board of Directors.
What are Armando J. Olivera’s Lennar (LEN) Class A holdings after this transaction?
After the August 31, 2026 grant, Olivera is reported as owning 23,347 shares of Class A Common Stock on a direct basis, including the effect of the DSU grant as reflected in the filing’s holdings total.
Does Armando J. Olivera hold Lennar (LEN) Class B Common Stock?
Yes. The Form 4 shows he directly holds 142 shares of Class B Common Stock as of August 31, 2026, in addition to his Class A-related holdings.
Were Armando J. Olivera’s Lennar (LEN) transactions under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5-1 trading plan is associated with these reported transactions; the 10b5-1 checkbox is not marked as affirming such a plan.
What price per unit is associated with the Lennar (LEN) DSU grant to Armando J. Olivera?
The 535 deferred stock units were valued at a transaction price of $84.11 per unit, consistent with the per-share price figure reported for this Class A Common Stock-related award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
