Lennar (NYSE: LEN) director awarded 2,313 RSUs for board service

Rhea-AI Filing Summary

Gilliam Theron I reported acquisition or exercise transactions in this Form 4 filing.

Lennar Corporation director Theron I. Gilliam received an equity grant for board service. On April 8, 2026, he was awarded 2,313 restricted stock units (RSUs) of Class A Common Stock at $0.00 per share as compensation under Lennar's outside directors' compensation program.

The RSUs will vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever occurs first. Following this grant, Gilliam directly holds 36,797 shares of Class A Common Stock and 432 shares of Class B Common Stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Gilliam Theron I

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,313	$0.00	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 36,797 shares (Direct); Class B Common Stock — 432 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 2,313 RSUs Class A shares after grant: 36,797 shares Class B shares held: 432 shares +1 more

4 metrics

RSU grant size 2,313 RSUs Class A Common Stock award on April 8, 2026

Class A shares after grant 36,797 shares Direct holdings following RSU award

Class B shares held 432 shares Direct Class B Common Stock holdings

Grant price per share $0.00 per share Equity compensation, non-cash award

Key Terms

restricted stock units ("RSUs"), outside directors' compensation program, annual meeting of stockholders

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued for service as a director"

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.

outside directors' compensation program financial

"issued for service as a director in accordance with the Issuer's outside directors' compensation program"

annual meeting of stockholders financial

"shall vest on either the date of the next annual meeting of stockholders or the first anniversary"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Gilliam Theron I

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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

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

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

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	04/08/2026		A		2,313(1)	A	$0.00	36,797	D
Class B Common Stock								432	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 restricted stock units ("RSUs") issued for service as a director in accordance with the Issuer's outside directors' compensation program. The RSUs shall vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first. Fractional amounts have been rounded to the nearest whole number.

	/s/ Mark Liberman as attorney-in-fact for Theron I. Gilliam, Jr.	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Lennar (LEN) director Theron I. Gilliam report?

Theron I. Gilliam reported receiving 2,313 restricted stock units of Lennar Class A Common Stock as a grant for his service as a director. The award is part of Lennar’s outside directors’ compensation program and was not an open-market purchase or sale.

How many Lennar (LEN) shares does Theron I. Gilliam hold after this Form 4 filing?

After the reported grant, Theron I. Gilliam directly holds 36,797 shares of Lennar Class A Common Stock and 432 shares of Class B Common Stock. These holdings reflect his equity position following the 2,313 restricted stock unit award disclosed in the filing.

What are the vesting terms of the RSUs granted to Lennar (LEN) director Theron I. Gilliam?

The restricted stock units granted to Theron I. Gilliam vest on the earlier of Lennar’s next annual meeting of stockholders or the first anniversary of the grant date. This structure aligns director compensation with continued board service over roughly a one-year period.

Was the Lennar (LEN) Form 4 transaction an open-market buy or sell of shares?

No, the Form 4 reflects a grant of 2,313 restricted stock units to director Theron I. Gilliam at $0.00 per share, not an open-market transaction. It represents stock-based compensation rather than a discretionary purchase or sale of Lennar shares in the market.

Why did Lennar (LEN) grant restricted stock units to director Theron I. Gilliam?

The 2,313 restricted stock units were issued as compensation for service as an outside director under Lennar’s outside directors’ compensation program. This approach aligns director incentives with shareholder interests by tying part of director pay to equity in the company.