[Form 4] LENNAR CORP /NEW/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lennar Corporation director Jeffrey Sonnenfeld received a grant of 320 deferred stock units (DSUs) of Class A common stock, valued at $89.78 per unit, in lieu of his quarterly cash retainer. These DSUs are fully vested but will not convert into Class A shares until he leaves the Board of Directors. Following this award, he directly holds 27,828 shares of Class A common stock and 591 shares of Class B common stock.
Positive
- None.
Negative
- None.
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 | 320 | $89.78 | $29K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 27,828 shares (Direct, null);
Class B Common Stock — 591 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
DSU grant size: 320 units
DSU reference price: $89.78 per unit
Class A holdings after grant: 27,828 shares
+1 more
4 metrics
DSU grant size
320 units
Deferred stock units issued in lieu of quarterly cash retainer
DSU reference price
$89.78 per unit
Value used for the 320 deferred stock units
Class A holdings after grant
27,828 shares
Class A common stock held directly after the transaction
Class B holdings
591 shares
Class B common stock reported as holdings entry
Key Terms
deferred stock units ("DSUs"), quarterly cash retainer payment, fully vested upon grant, Board of Directors
4 terms
deferred stock units ("DSUs") financial
"Represents deferred stock units ("DSUs") issued in lieu of quarterly cash retainer payment"
quarterly cash retainer payment financial
"issued in lieu of quarterly cash retainer payment for service as a director"
fully vested upon grant financial
"These DSUs are fully vested upon grant but do not convert"
Board of Directors financial
"until the reporting person ceases to be a member of the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.