Lennar director awarded RSUs from stock dividend
Gilliam Theron I reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Gilliam Theron I reported acquisition or exercise transactions in this Form 4 filing.
LENNAR CORP /NEW/ director Theron I. Gilliam reported an award of 14 restricted stock units representing Class A common stock on July 10, 2026. The RSUs arose from dividend equivalents under the outside directors’ compensation program at a reference price of $84.27 per share and will vest with the related annual RSU grant. Following this, Gilliam holds 36,823 Class A and 432 Class B shares directly.
Insider Trade Summary
Grant/Award: 14 shares
Grant/Award
2 txns
Insider
Gilliam Theron I
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 — 36,823 shares (Direct);
Class B Common Stock — 432 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 awarded: 14
Reference price per share: $84.27
Class A shares held after: 36,823
+1 more
4 metrics
RSUs awarded
14
Restricted stock units credited as dividend equivalents on July 10, 2026
Reference price per share
$84.27
Closing price of Lennar common stock on the July 10, 2026 record date
Class A shares held after
36,823
Direct Class A common stock holdings following the RSU award
Class B shares held after
432
Direct Class B common stock holdings reported as of July 10, 2026
Key Terms
restricted stock units, dividend equivalents, record date, outside directors' compensation program
4 terms
restricted stock units financial
"Represents restricted stock units issued in respect of the Reporting Person's unvested"
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
"unvested annual RSU grant (including dividend equivalents in respect thereof) as a result"
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.
record date financial
"dividend on the Issuer's common stock with a record date of July 10, 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.
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 insider transaction did LEN director Theron I. Gilliam report on July 10, 2026?
Theron I. Gilliam reported an acquisition of 14 restricted stock units tied to Lennar’s Class A common stock. These RSUs were issued as dividend equivalents under the outside directors’ compensation program and vest on the same schedule as his underlying annual RSU grant.
Was the LEN insider acquisition an open-market purchase of Lennar stock?
No. The Form 4 for LEN shows a code A transaction, meaning a grant or award, not a market buy. Gilliam received 14 RSUs as dividend equivalents under the compensation program, valued at the $84.27 closing price on the record date.
What is the significance of the $84.27 price in the LEN insider filing?
The reported $84.27 figure is the closing price per share of Lennar’s common stock on the July 10, 2026 record date. It is used to value the 14 RSUs issued as dividend equivalents, rather than indicating a purchase price paid by Gilliam.
Why did Theron I. Gilliam receive additional RSUs in Lennar (LEN)?
Gilliam received the 14 additional RSUs because Lennar paid a dividend on its common stock with a July 10, 2026 record date. Under the outside directors’ compensation program, his unvested annual RSU grant earns dividend equivalents that are credited as extra RSUs vesting on the same schedule.
Does the LEN Form 4 show any sales or disposals by Theron I. Gilliam?
No. The Form 4 for LEN shows an acquisition of 14 RSUs (code A) and one holding entry for Class B shares. There are no reported sales or disposals of Lennar stock or RSUs in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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