Lennar (NYSE: LEN) VP awarded 8,687 Class A shares vesting 2027-29

Rhea-AI Filing Summary

Lennar Corporation reported that VP & Controller David M. Collins received an award of 8,687 shares of Class A common stock on January 20, 2026 at a price of $0.00 per share, indicating a stock-based compensation grant rather than an open-market purchase.

These Class A shares vest in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029, and the grant is subject to forfeiture under its terms. Following this award, Collins beneficially owns 52,630 Class A shares and 3,537 Class B shares of Lennar common stock, all held directly.

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^*

Collins David M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		A		8,687(1)	A	$0.00	52,630	D
Class B Common Stock								3,537	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. The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2027, February 14, 2028, and February 14, 2029. The grant is subject to forfeiture in accordance with its terms.

	/s/ Mark Liberman as attorney-in-fact for David M. Collins	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Lennar (LEN) disclose about VP David M. Collins in this Form 4?

The filing shows that VP & Controller David M. Collins received an award of 8,687 shares of Lennar Class A common stock on January 20, 2026 at $0.00 per share, reflecting stock-based compensation.

How do the new Lennar (LEN) Class A shares for David M. Collins vest?

The 8,687 Class A shares granted to David M. Collins vest in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029, and are subject to forfeiture under the grant terms.

How many Lennar (LEN) shares does David M. Collins own after this transaction?

After the reported grant, David M. Collins beneficially owns 52,630 shares of Class A common stock and 3,537 shares of Class B common stock of Lennar, all held directly.

Was the Lennar (LEN) insider transaction an open-market trade?

No. The Form 4 shows the transaction code "A" and a price of $0.00 per share for the 8,687 Class A shares, indicating an equity award rather than an open-market purchase or sale.

Who is the insider involved in this Lennar (LEN) Form 4 filing?

The reporting person is David M. Collins, who serves as VP & Controller of Lennar Corporation. The filing is made for one reporting person, and the shares are shown as held directly.

Does the Lennar (LEN) stock grant to David M. Collins have forfeiture conditions?

Yes. The footnote states that the Class A common stock grant to David M. Collins is subject to forfeiture in accordance with its terms, and the shares vest over three years starting in 2027.