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Lennar (LEN) CFO Diane Bessette granted 41,250 shares, surrenders 6,871 for taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Lennar Corporation VP & Chief Financial Officer Diane J. Bessette reported equity compensation activity in Class A common stock on January 20, 2026. She received two grants of 20,625 Class A shares each at a price of $0.00 per share. One grant is subject to performance-based vesting conditions over a three-year performance period, and the other vests in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029, with both grants subject to forfeiture under their terms.

On the same date, 6,871 Class A shares were surrendered to the company at $115.16 per share to satisfy tax withholding obligations arising from the restricted stock grant under a Rule 10b5-1 plan. Following these transactions, Bessette directly held 338,868 Class A shares. Additional Class A and Class B shares are held in custodial accounts for a minor child under the Florida Uniform Transfers to Minors Act by Bessette and her spouse, and she disclaims beneficial ownership of those custodial shares.

Positive

  • None.

Negative

  • None.
Insider BESSETTE DIANE J
Role VP & Chief Financial Officer
Type Security Shares Price Value
Grant/Award Class A Common Stock 20,625 $0.00 --
Grant/Award Class A Common Stock 20,625 $0.00 --
Tax Withholding Class A Common Stock 6,871 $115.16 $791K
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
holding Class B Common Stock -- -- --
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 325,114 shares (Direct); Class A Common Stock — 3,475 shares (Indirect, By spouse as UTMA FL custodian for minor child); Class B Common Stock — 3,511 shares (Indirect, By spouse as UTMA FL custodian for minor child)
Footnotes (1)
  1. The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms. The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2027, February 14, 2028, and February 14, 2029. These grants are subject to forfeiture in accordance with their terms. Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on January 20, 2026. Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
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*
BESSETTE DIANE J
(Last) (First) (Middle)
5505 WATERFORD DISTRICT DRIVE
(Street)
MIAMI FL 33126
(City) (State) (Zip)
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)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 01/20/2026 A 20,625(1) A $0.00 325,114 D
Class A Common Stock 01/20/2026 A 20,625(2) A $0.00 345,739 D
Class A Common Stock 01/20/2026 F 6,871(3) D $115.16 338,868 D
Class A Common Stock 3,475 I By spouse as UTMA FL custodian for minor child(4)
Class A Common Stock 3,475 I By reporting person as UTMA FL for minor child(5)
Class B Common Stock 3,511 I By spouse as UTMA FL custodian for minor child(4)
Class B Common Stock 3,511 I By reporting person as UTMA FL for minor child(5)
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. The shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period. The grant is subject to forfeiture in accordance with its terms.
2. The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2027, February 14, 2028, and February 14, 2029. These grants are subject to forfeiture in accordance with their terms.
3. Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on January 20, 2026.
4. Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
5. Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
/s/ Mark Liberman as attorney-in-fact for Diane J. Bessette 01/22/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Lennar (LEN) report for CFO Diane J. Bessette?

The filing shows that Diane J. Bessette, VP & Chief Financial Officer of Lennar Corporation, received two grants of 20,625 Class A common shares each on January 20, 2026, and surrendered 6,871 Class A shares to the company to cover tax withholding from a restricted stock grant.

How many Lennar Class A shares were granted to the CFO on January 20, 2026?

Bessette received two separate awards of 20,625 Class A common shares each on January 20, 2026. One award is subject to performance-based vesting over three years, and the other vests in three equal installments on February 14, 2027, February 14, 2028, and February 14, 2029.

What are the vesting terms for the new Lennar (LEN) stock grants to the CFO?

One 20,625-share Class A grant has performance-based vesting over a three-year performance period. The other 20,625-share Class A grant vests in three equal tranches on February 14, 2027, February 14, 2028, and February 14, 2029. Both grants are subject to forfeiture under their terms.

Why were 6,871 Lennar Class A shares surrendered at $115.16?

The filing states that 6,871 Class A shares were surrendered to the company at $115.16 per share under a Rule 10b5-1 plan to satisfy a withholding tax obligation arising from the restricted stock grant on January 20, 2026.

How many Lennar Class A shares does the CFO hold after these transactions?

After the reported transactions on January 20, 2026, Diane J. Bessette directly held 338,868 shares of Lennar Class A common stock.

What Lennar shares are reported as indirectly held for a minor child and how are they treated?

The filing lists 3,475 Class A and 3,511 Class B Lennar shares in custodial accounts for a minor child under the Florida Uniform Transfers to Minors Act, held by Bessette and her spouse. The footnotes state that Bessette disclaims beneficial ownership of these custodial shares.

What is Diane J. Bessette’s role at Lennar Corporation (LEN)?

According to the filing, Diane J. Bessette is an officer of Lennar Corporation serving as VP & Chief Financial Officer.