Lennar director gets 341 deferred stock units
LENNAR CORP (LEN) director Jeffrey Sonnenfeld received an award of 341 deferred stock units representing Class A common stock on August 31, 2026, valued at $84.11 per unit, issued in lieu of his quarterly cash retainer for board service.
Rhea-AI Filing Summary
LENNAR CORP (LEN) director Jeffrey Sonnenfeld received an award of 341 deferred stock units representing Class A common stock on August 31, 2026, valued at $84.11 per unit, issued in lieu of his quarterly cash retainer for board service. These deferred stock units are fully vested upon grant but will not convert into shares of Class A common stock until he ceases to be a member of the Board of Directors. Following this award, he directly holds 28,188 Class A shares (including deferred stock units) and 591 Class B shares. No transactions are reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 341 shares
Grant/Award
2 txns
Insider
SONNENFELD JEFFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 341 | $84.11 | $29K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 28,188 shares (Direct);
Class B Common Stock — 591 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: 341 units
Grant value per deferred stock unit: $84.11 per unit
Class A holdings after award: 28,188 shares
+1 more
4 metrics
Deferred stock units granted
341 units
Equity award in lieu of quarterly cash retainer on August 31, 2026
Grant value per deferred stock unit
$84.11 per unit
Valuation used for the August 31, 2026 director fee equity grant
Class A holdings after award
28,188 shares
Director Jeffrey Sonnenfeld’s direct Class A position following the grant, including DSUs
Class B holdings
591 shares
Director Jeffrey Sonnenfeld’s reported direct Class B holdings
Key Terms
deferred stock units, quarterly cash retainer payment, Board of Directors
3 terms
deferred stock units financial
"Represents deferred stock units ("DSUs") issued in lieu of quarterly cash retainer payment"
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.
quarterly cash retainer payment financial
"issued in lieu of quarterly cash retainer payment for service as a director"
Board of Directors regulatory
"do not convert into shares of Class A common stock 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 Jeffrey Sonnenfeld report in this Form 4?
He reported receiving 341 deferred stock units tied to Class A common stock on August 31, 2026, issued in lieu of his quarterly cash retainer for serving on the Board of Directors. These units are fully vested but settle in shares when he leaves the board.
What price is associated with the deferred stock units reported by Lennar (LEN) director Sonnenfeld?
The 341 deferred stock units were valued at $84.11 per unit. They were granted as an equity alternative to a quarterly cash retainer payment for service as a director on Lennar’s Board of Directors.
What are deferred stock units (DSUs) in the context of Lennar (LEN)?
For Lennar, the reported deferred stock units (DSUs) are equity awards issued instead of cash director fees. They are fully vested upon grant but do not convert into Class A common shares until the director leaves the Board of Directors.
Does this Lennar (LEN) Form 4 indicate trades under a Rule 10b5-1 plan?
No. The filing indicates that the reported award of 341 deferred stock units to director Jeffrey Sonnenfeld was not made pursuant to a Rule 10b5-1 trading plan; no such plan is reported for these transactions.
What Class B holdings does Jeffrey Sonnenfeld report for Lennar (LEN)?
In addition to his Class A position, Jeffrey Sonnenfeld reports direct holdings of 591 Class B shares of Lennar. This figure is shown as his Class B ownership after the reported August 31, 2026 equity award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
