Lennar director granted RSUs from dividend equivalents
McClure Teri P reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
McClure Teri P reported acquisition or exercise transactions in this Form 4 filing.
Lennar Corp director Teri P. McClure received a grant of 14 restricted stock units tied to Class A common stock at a reference price of $84.27 per share. The RSUs arise from dividend equivalents on her unvested annual RSU grant and will vest with that grant. After this award, she directly holds 31,998 Class A shares and 275 Class B shares.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
2 txns
Insider
McClure Teri P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 14 | $84.27 | $1K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 31,998 shares (Direct);
Class B Common Stock — 275 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of July 10, 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.
- F2. Represents the closing price per share of Issuer's common stock as of the record date.
Key Figures
RSUs granted: 14 units
Reference share price: $84.2700
Class A shares after award: 31,998 shares
+1 more
4 metrics
RSUs granted
14 units
Restricted stock units issued as dividend equivalents on unvested annual RSU grant
Reference share price
$84.2700
Closing price per share of Lennar common stock on July 10, 2026 record date
Class A shares after award
31,998 shares
Total Lennar Class A common stock held directly by Teri P. McClure after transactions
Class B shares held
275 shares
Total Lennar Class B common stock held directly by Teri P. McClure
Key Terms
restricted stock units, dividend equivalents, outside directors' compensation program
3 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"including dividend equivalents in respect thereof as a result of the dividend on the Issuer's common stock"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
outside directors' compensation program financial
"in accordance with the Issuer's outside directors' compensation program"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lennar (LEN) director Teri P. McClure report on this Form 4?
Teri P. McClure reported receiving 14 restricted stock units tied to Lennar’s Class A common stock. These RSUs were issued as dividend equivalents on her unvested annual RSU grant under the outside directors’ compensation program.
At what price were the RSUs for Lennar (LEN) director McClure valued?
The restricted stock units were valued at $84.27 per share, which is described as the closing price of Lennar’s common stock on the July 10, 2026 record date. This price serves as the reference value for the 14-unit grant.
When will the new RSUs granted to Lennar (LEN) director McClure vest?
The newly granted restricted stock units will vest at the same time as the related annual RSU grant. They are additional units from dividend equivalents and follow the existing vesting schedule of the underlying director equity award.
Is McClure’s reported Lennar (LEN) transaction an open-market buy or a compensation award?
The transaction is a compensation-related award, not an open-market purchase or sale. The filing characterizes the 14 units as a grant or award arising from dividend equivalents under Lennar’s outside directors’ compensation program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates