Dividend-linked RSU award for Lennar (NYSE: LEN) outside director

Rhea-AI Filing Summary

Smith Dacona reported acquisition or exercise transactions in this Form 4 filing.

Lennar Corporation director Dacona Smith received an award of 12 restricted stock units (RSUs) of Class A common stock on the April 22, 2026 record date. The RSUs were issued in respect of the director’s unvested annual RSU grant as a result of a dividend on Lennar’s common stock, under the company’s outside directors’ compensation program.

The RSUs will vest at the same time as the related annual RSU grant. Following this grant, Smith directly holds 6,263 shares or RSUs of Lennar Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Dacona

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	12	$94.45	$1K

Holdings After Transaction: Class A Common Stock — 6,263 shares (Direct, null)

Footnotes (1)

1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number. Represents the closing price per share of Issuer's common stock as of the record date.

Key Figures

RSU grant size: 12 RSUs RSU reference price: $94.45 per share Holdings after transaction: 6,263 shares/RSUs

3 metrics

RSU grant size 12 RSUs Dividend-related RSUs issued to outside director on record date April 22, 2026

RSU reference price $94.45 per share Closing price of Lennar common stock on April 22, 2026 record date

Holdings after transaction 6,263 shares/RSUs Total direct Lennar Class A holdings for Dacona Smith after RSU grant

Key Terms

restricted stock units ("RSUs"), outside directors' compensation program, record date

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant"

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

"in accordance with the Issuer's outside directors' compensation program"

record date financial

"as a result of the dividend on the Issuer's common stock with a record date of April 22, 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.

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^*

Smith Dacona

(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)
04/22/2026

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	04/22/2026		A		12(1)	A	$94.45(2)	6,263	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 in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.

2. Represents the closing price per share of Issuer's common stock as of the record date.

	/s/ Mark Liberman as attorney-in-fact for Dacona Smith	04/24/2026
	** 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 did Lennar (LEN) director Dacona Smith report in this Form 4?

Dacona Smith reported receiving 12 restricted stock units of Lennar Class A common stock. These were issued as part of the outside directors’ compensation program due to a dividend on Lennar’s common stock with a record date of April 22, 2026.

Is the Lennar (LEN) Form 4 transaction a market purchase or sale?

The Form 4 reflects a grant of restricted stock units, not a market purchase or sale. The 12 RSUs were issued automatically in connection with a dividend, consistent with Lennar’s outside directors’ compensation program and linked to an existing unvested annual RSU grant.

At what price were the Lennar (LEN) RSUs valued in this Form 4?

The 12 restricted stock units were valued using a per-share price of $94.45, which represents the closing price of Lennar’s common stock on the April 22, 2026 record date, as described in the Form 4 footnotes for this director equity award.

How many Lennar (LEN) shares or RSUs does Dacona Smith hold after this transaction?

After receiving the 12 restricted stock units, Dacona Smith directly holds 6,263 shares or RSUs of Lennar Class A common stock. This figure includes the new RSUs issued in connection with the dividend-related adjustment to the director’s annual RSU grant.

When will the new Lennar (LEN) RSUs reported by Dacona Smith vest?

The newly issued 12 restricted stock units will vest at the same time as the related unvested annual RSU grant. Vesting therefore follows the existing schedule set under Lennar’s outside directors’ compensation program, rather than creating a separate vesting timeline.