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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SONNENFELD JEFFREY

Role null

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, null); Class B Common Stock — 591 shares (Direct, null)

Footnotes (1)

1. 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. 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"

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

SONNENFELD JEFFREY

(Last) (First) (Middle)

5505 WATERFORD DISTRICT DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/22/2026		A		13(1)	A	$94.45(2)	27,508	D
Class B Common Stock								591	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. 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.

2. Represents the closing price per share of Issuer's common stock as of the record date.

	/s/ Mark Liberman as attorney-in-fact for Jeffrey Sonnenfeld	04/24/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

When will Jeffrey Sonnenfeld’s Lennar deferred stock units convert into Class A shares?

The deferred stock units will not convert into Lennar Class A Common Stock until Jeffrey Sonnenfeld ceases to be a member of the Board of Directors. Until that time, they remain as deferred stock units, with vesting aligned to the related annual DSU grant where applicable.

What are Jeffrey Sonnenfeld’s Lennar shareholdings after this Form 4 filing?

After this reported grant, Jeffrey Sonnenfeld directly holds 27,508 shares of Lennar Class A Common Stock and 591 shares of Class B Common Stock. These figures reflect his direct ownership positions as reported on the Form 4 dated April 22, 2026.

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.