Lennar (NYSE: LEN) director receives 13 DSUs tied to dividend
Rhea-AI Filing Summary
Lennar Corporation director Jeffrey Sonnenfeld reported a small equity-based compensation change. He received 13 deferred stock units of Class A Common Stock on April 22, 2026, described as a grant or award tied to a dividend on Lennar’s common stock at a closing price of $94.45 per share.
The filing notes these deferred stock units relate to his deferred quarterly cash director’s fee and unvested annual DSU grant under the outside directors’ compensation program. The units are fully vested or will vest with the related annual grant, but will not convert into Class A shares until he leaves the board. Following the transaction, he directly holds 27,508 Class A shares and 591 Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13 shares
Net Buy
2 txns
Insider
SONNENFELD JEFFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13 | $94.45 | $1K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 27,508 shares (Direct);
Class B Common Stock — 591 shares (Direct)
Footnotes (2)
- F1. Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs"), each 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. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will 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.
- F2. Represents the closing price per share of Issuer's common stock as of the record date.
Key Figures
Deferred stock units granted: 13 units
Closing price per share: $94.45 per share
Class A shares owned: 27,508 shares
+1 more
4 metrics
Deferred stock units granted
13 units
DSUs issued as dividend equivalents on April 22, 2026
Closing price per share
$94.45 per share
Lennar common stock price on April 22, 2026 record date
Class A shares owned
27,508 shares
Direct Class A Common Stock holdings after transaction
Class B shares owned
591 shares
Direct Class B Common Stock holdings after transaction
Key Terms
deferred stock units ("DSUs"), dividend, outside directors' compensation program, record date, +1 more
5 terms
deferred stock units ("DSUs") financial
"Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee"
dividend financial
"each as a result of the dividend on the Issuer's common stock with a record date of April 22, 2026"
A dividend is a payment that a company gives to its shareholders, usually from its profits. It’s like a bonus or reward for owning the company's stock, and it can provide a steady income stream for investors. Companies pay dividends to share their success with the people who own their stock.
outside directors' compensation program financial
"in accordance with the Issuer's outside directors' compensation program"
record date financial
"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.
unvested annual DSU grant financial
"DSUs issued in respect of the Reporting Person's unvested annual DSU grant"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lennar (LEN) director Jeffrey Sonnenfeld report?
Jeffrey Sonnenfeld reported receiving 13 deferred stock units of Lennar Class A Common Stock. These units were issued as a grant or award in connection with a dividend on Lennar’s common stock, under the company’s outside directors’ compensation program for board members.
How were the 13 deferred stock units for Lennar (LEN) director calculated?
The 13 deferred stock units were issued in respect of deferred quarterly cash director’s fees and an unvested annual DSU grant. They reflect dividend equivalents based on Lennar’s common stock, using the $94.45 closing price per share as of the April 22, 2026 record date.
How do Lennar’s director fee DSUs and annual grant DSUs work in this filing?
The filing describes director fee DSUs from deferred quarterly cash fees and annual grant DSUs from an unvested annual award. Both receive additional DSUs when Lennar pays dividends, with amounts rounded down to whole units, and ultimately convert into Class A shares when the director leaves the board.