Lennar (NYSE: LEN) director Teri McClure granted 133 Class A shares

Rhea-AI Filing Summary

Lennar Corporation director Teri P. McClure reported receiving a stock grant of 133 shares of Class A common stock on 11/28/2025. The award was issued under Lennar’s outside directors’ compensation program and valued using $131.30 per share, which was the last reported sale price of Lennar Class A stock on November 28, 2025. The shares were granted at a price of $0.00 to the director and are not transferable until November 30, 2028, except for specified exceptions. After this grant, McClure beneficially owns 29,659 Class A shares directly and 275 Class B shares.

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

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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^*

McClure Teri P

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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	11/28/2025		A		133(1)	A	$0.00	29,659	D
Class B Common Stock								275	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. These shares were issued in accordance with the Issuer's outside directors' compensation program based on $131.30 per share which was the last reported sale price of the Issuer's Class A common stock on November 28, 2025, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until November 30, 2028, subject to specified exceptions.

	/s/ Mark Liberman as attorney-in-fact for Teri P. McClure	12/02/2025
	** 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.

FAQ

What insider transaction did Lennar (LEN) disclose for Teri P. McClure?

Lennar disclosed that director Teri P. McClure received a grant of 133 shares of Class A common stock on 11/28/2025 under the outside directors’ compensation program.

At what value was Teri P. McClure’s Lennar (LEN) stock grant calculated?

The 133 Lennar Class A shares were issued based on a value of $131.30 per share, the last reported sale price of Lennar’s Class A common stock on November 28, 2025.

Did Teri P. McClure pay for the Lennar (LEN) shares she received?

No. The 133 Class A shares were granted at a price of $0.00 to Teri P. McClure as part of Lennar’s outside directors’ compensation program.

Are the new Lennar (LEN) shares granted to Teri P. McClure immediately transferable?

No. The granted shares are not transferable until November 30, 2028, subject to specified exceptions described in the compensation program.

How many Lennar (LEN) shares does Teri P. McClure own after this transaction?

After the grant, Teri P. McClure beneficially owns 29,659 shares of Class A common stock directly and 275 shares of Class B common stock.

What is Teri P. McClure’s role at Lennar (LEN)?

Teri P. McClure is reported as a Director of Lennar Corporation on this Form 4.