Lennar director granted 2,312 deferred stock units
Lennar Corporation director Armando J. Olivera received a grant of 2,312 deferred stock units (DSUs) of Class A common stock on April 8, 2026 as part of the outside directors' compensation program.
Rhea-AI Filing Summary
Lennar Corporation director Armando J. Olivera received a grant of 2,312 deferred stock units (DSUs) of Class A common stock on April 8, 2026 as part of the outside directors' compensation program. These DSUs vest on the earlier of the next annual stockholders' meeting or the first anniversary of the grant date.
The DSUs will not convert into shares of Class A common stock until Olivera ceases to serve on the Board of Directors. After this award, he directly holds 22,276 shares of Class A common stock and 142 shares of Class B common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,312 shares
Grant/Award
2 txns
Insider
OLIVERA ARMANDO J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,312 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,276 shares (Direct);
Class B Common Stock — 142 shares (Direct)
Footnotes (1)
- F1. Represents deferred stock units ("DSUs") issued in lieu of annual share grant for service as a director in accordance with the Issuer's outside directors' compensation program. The DSUs shall vest on either the date of the next annual meeting of stockholders or the first anniversary of the grant date, whichever comes first, but do not 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.
Key Figures
DSUs granted: 2,312 units
Class A shares after grant: 22,276 shares
Class B shares reported: 142 shares
+1 more
4 metrics
DSUs granted
2,312 units
Deferred stock units granted on April 8, 2026
Class A shares after grant
22,276 shares
Direct Class A common stock holdings after transaction
Class B shares reported
142 shares
Direct Class B common stock holdings reported
Grant price per DSU
$0.0000 per unit
Reported transaction price for DSU award
Key Terms
deferred stock units, outside directors' compensation program, annual meeting of stockholders, Class A common stock
4 terms
deferred stock units financial
"Represents deferred stock units ("DSUs") issued in lieu of annual share grant"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
outside directors' compensation program financial
"for service as a director in accordance with the Issuer's outside directors' compensation program"
annual meeting of stockholders financial
"shall vest on either the date of the next annual meeting of stockholders or the first anniversary"
Class A common stock financial
"do not convert into shares of Class A common stock until the reporting person ceases"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lennar (LEN) director Armando Olivera report on this Form 4?
Armando J. Olivera reported receiving 2,312 deferred stock units (DSUs) of Lennar Class A common stock as director compensation. The award increases his direct Class A holdings to 22,276 shares, alongside 142 Class B shares reported as directly owned.
How will Armando Olivera’s 2,312 Lennar DSUs vest and settle?
The 2,312 DSUs vest on the earlier of Lennar’s next annual stockholders’ meeting or the first anniversary of the grant date. They do not convert into Class A common shares until Olivera ceases serving on the Board of Directors.
Was Armando Olivera’s Lennar Form 4 a market purchase or sale?
The Form 4 shows a grant/award acquisition, not an open-market trade. Olivera received 2,312 DSUs at a reported price of $0.0000 per unit as compensation for Board service, with no reported shares bought or sold in the market.
What is the significance of the $0.0000 price on Lennar’s DSU grant?
The $0.0000 price reflects that the 2,312 DSUs were a compensation award, not a purchase. They were issued under Lennar’s outside directors’ compensation program, so Olivera did not pay cash consideration for the units reported in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
