Lennar (LEN) director Amy Banse awarded 14 RSUs from dividend equivalents

Rhea-AI Filing Summary

Banse Amy reported acquisition or exercise transactions in this Form 4 filing.

Amy Banse, a director of Lennar, received a grant of 14 restricted stock units (RSUs) tied to dividend equivalents on her unvested annual RSU award, valued using the $84.27 closing price per share. After this award, she holds 16,962 Class A shares directly and 165 shares indirectly through a trust for her child.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Banse Amy

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	14	$84.27	$1K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 16,962 shares (Direct); Class A Common Stock — 165 shares (Indirect, By Trust)

Footnotes (1)

1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of July 10, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number. Represents the closing price per share of Issuer's common stock as of the record date. These shares are held in a trust, of which the reporting person is the trustee, for the benefit of the reporting person's child.

Key Figures

RSUs granted: 14.0000 units Reference price per share: $84.2700 Direct holdings after award: 16962.0000 shares +2 more

5 metrics

RSUs granted 14.0000 units Restricted stock units issued as dividend equivalents on unvested annual RSU grant

Reference price per share $84.2700 Closing price per share of Lennar common stock on the dividend record date

Direct holdings after award 16962.0000 shares Class A Common Stock held directly by Amy Banse following the RSU grant

Indirect trust holdings 165.0000 shares Class A Common Stock held in a trust for the reporting person’s child

Dividend record date July 10, 2026 Record date of the dividend that generated RSU dividend equivalents

Key Terms

restricted stock units ("RSUs"), dividend equivalents, outside directors' compensation program, record date

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant"

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.

dividend equivalents financial

"including dividend equivalents in respect thereof as a result of the dividend on the Issuer's common stock"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

outside directors' compensation program financial

"in accordance with the Issuer's outside directors' compensation program"

record date financial

"as a result of the dividend on the Issuer's common stock with a record date of July 10, 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/14/2026 - 06:12 PM Accepted by SEC EDGAR 07/14/2026 - 06:12 PM Learn about SEC filing dates

FAQ

What did Lennar (LEN) director Amy Banse report in this Form 4?

Amy Banse reported a grant of 14 restricted stock units (RSUs) issued as dividend equivalents on her unvested annual RSU grant. These RSUs vest at the same time as the original grant and do not represent an open-market stock purchase or sale.

How many Lennar (LEN) shares does Amy Banse hold after this transaction?

Following the RSU dividend grant, Amy Banse holds 16,962 Lennar Class A Common shares directly and 165 shares indirectly. The indirect shares are held in a trust for the benefit of her child, where she serves as trustee.

What is the significance of the $84.27 price in the Lennar (LEN) Form 4?

The $84.27 figure is the closing price per share of Lennar’s common stock on the dividend record date. It is used as the reference price for valuing the 14 RSUs issued as dividend equivalents on Amy Banse’s unvested annual RSU grant.

How are the trust-held Lennar (LEN) shares related to Amy Banse?

The 165 Lennar shares are held in a trust for Amy Banse’s child, with Banse serving as trustee. They are reported as indirect ownership, reflecting her trustee role and the shares’ benefit to her child rather than direct personal holdings.

Does this Lennar (LEN) Form 4 show any stock sales by Amy Banse?

No stock sales are reported. The Form 4 shows a non-derivative grant of 14 RSUs related to a dividend and an updated report of 165 shares held indirectly in a trust, with no open-market purchases or sales disclosed.

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^*

Banse Amy

(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)
07/10/2026

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	07/10/2026		A		14(1)	A	$84.27(2)	16,962	D
Class A Common Stock								165	I	By Trust(3)

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 in respect of the Reporting Person's unvested annual RSU grant (including dividend equivalents in respect thereof) as a result of the dividend on the Issuer's common stock with a record date of July 10, 2026, in accordance with the Issuer's outside directors' compensation program. Such RSUs will vest at the same time as the annual RSU grant to which they relate. Fractional amounts have been rounded to the nearest whole number.

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

3. These shares are held in a trust, of which the reporting person is the trustee, for the benefit of the reporting person's child.

	/s/ Mark Liberman as attorney-in-fact for Amy Banse	07/14/2026
	** 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)