Lennar (LEN) Chief Legal Officer receives 17,366 restricted Class A shares

Rhea-AI Filing Summary

Lennar Corporation Chief Legal Officer and Secretary Katherine Lee Martin reported receiving two equity awards of Class A common stock on January 20, 2026. Each grant covered 8,683 shares at a price of $0.00 per share, for a total of 17,366 shares awarded.

One 8,683-share grant is subject to performance-based vesting over a three-year performance period, and the other 8,683-share grant vests in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029. After these grants, she beneficially owned 59,566 shares of Lennar Class A common stock directly, and the awards are subject to forfeiture under their terms.

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

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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^*

Lee Martin Katherine

(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)
	Chief Legal Officer/Secretary

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		8,683(1)	A	$0.00	50,883	D
Class A Common Stock	01/20/2026		A		8,683(2)	A	$0.00	59,566	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 are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.

2. 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 Katherine Lee Martin	01/22/2026
	** 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).
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FAQ

What insider transaction did LEN Chief Legal Officer report?

Katherine Lee Martin, Chief Legal Officer and Secretary of Lennar Corporation (LEN), reported receiving two grants of Class A common stock on January 20, 2026, each for 8,683 shares at $0.00 per share.

How many Lennar (LEN) shares did the officer receive in total?

On January 20, 2026, she received two awards of 8,683 Class A shares each, totaling 17,366 shares of Lennar Class A common stock.

What are the vesting terms of the performance-based LEN stock award?

One grant of 8,683 Lennar Class A shares is subject to performance-based vesting conditions over a three-year performance period and may be forfeited under its terms.

When do the time-based Lennar (LEN) stock awards vest?

The second grant of 8,683 Class A shares vests in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029, and is subject to forfeiture under its terms.

How many Lennar Class A shares does the officer own after these grants?

Following the reported transactions, Katherine Lee Martin beneficially owned 59,566 shares of Lennar Class A common stock directly.

Did the Lennar (LEN) officer pay for these newly granted shares?

No. Both awards of 8,683 Lennar Class A shares were granted at a price of $0.00 per share, consistent with stock-based compensation.