Lennar (NYSE: LEN) director receives 2,313 RSUs as board compensation

Rhea-AI Filing Summary

HUDSON SHERRILL W reported acquisition or exercise transactions in this Form 4 filing.

Lennar Corporation director Hudson W. Sherrill received a grant of 2,313 restricted stock units (RSUs) of Class A Common Stock as compensation for board service. These RSUs vest on the earlier of the next annual stockholder meeting or the first anniversary of the grant date.

Following this award, Sherrill directly holds 38,267 shares of Class A Common Stock and 5,650 shares of Class B Common Stock. This is a non-cash, compensation-related equity grant rather than an open-market stock purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider HUDSON SHERRILL W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,313	$0.00	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 38,267 shares (Direct); Class B Common Stock — 5,650 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 2,313 shares Grant price: $0.00 per share Class A holdings after: 38,267 shares +1 more

4 metrics

RSUs granted 2,313 shares Restricted stock units of Class A Common Stock granted to director

Grant price $0.00 per share Equity compensation award, non-cash

Class A holdings after 38,267 shares Class A Common Stock directly owned after transaction

Class B holdings after 5,650 shares Class B Common Stock directly owned as reported

Key Terms

restricted stock units ("RSUs"), outside directors' compensation program, Class A Common Stock, Class B Common Stock

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued for service as a director"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

outside directors' compensation program financial

"issued for service as a director in accordance with the Issuer's outside directors' compensation program"

Class A Common Stock financial

"security_title": "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Class B Common Stock financial

"security_title": "Class B Common Stock""

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

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^*

HUDSON SHERRILL W

(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)
04/08/2026

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	04/08/2026		A		2,313(1)	A	$0.00	38,267	D
Class B Common Stock								5,650	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 restricted stock units ("RSUs") issued for service as a director in accordance with the Issuer's outside directors' compensation program. The RSUs shall vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first. Fractional amounts have been rounded to the nearest whole number.

	/s/ Mark Liberman as attorney-in-fact for Sherrill W. Hudson	04/10/2026
	** 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 LEN director Hudson W. Sherrill report on this Form 4?

Hudson W. Sherrill reported receiving 2,313 restricted stock units of Lennar Class A Common Stock as a compensation grant for service as a director. The award is a non-cash equity grant, not an open-market stock purchase or sale.

How many Lennar (LEN) shares does Hudson W. Sherrill hold after this grant?

After the grant, Hudson W. Sherrill holds 38,267 shares of Lennar Class A Common Stock and 5,650 shares of Class B Common Stock directly. These figures reflect his updated ownership position reported in the Form 4 filing.

What are the vesting terms of the RSUs granted to Lennar director Hudson W. Sherrill?

The 2,313 restricted stock units vest on the earlier of Lennar’s next annual meeting of stockholders or the first anniversary of the grant date. This schedule aligns with the company’s outside directors’ compensation program for equity awards.

Was the LEN Form 4 transaction an open-market purchase or sale of stock?

No. The Form 4 shows a grant of restricted stock units to director Hudson W. Sherrill at a price of $0.00 per share as compensation. It does not report any open-market purchases or sales of Lennar stock by the director.

Why did Lennar (LEN) grant RSUs to director Hudson W. Sherrill?

The restricted stock units were issued to Hudson W. Sherrill for service as a director under Lennar’s outside directors’ compensation program. Such equity awards align director interests with shareholders by tying compensation partly to the company’s stock performance.