Lennar director Serena Wolfe receives RSU grant

Lennar Corp director Serena Wolfe reported an acquisition of 14 Class A common share‑equivalent restricted stock units on July 10, 2026.

Rhea-AI Filing Summary

Lennar Corp director Serena Wolfe reported an acquisition of 14 Class A common share‑equivalent restricted stock units on July 10, 2026. The RSUs were issued as dividend equivalents on her unvested annual RSU grant under the outside directors' compensation program, using a closing‑price reference of $84.27 per share and bringing her direct holdings to 6,347 units. These RSUs will vest at the same time as the related annual RSU grant.

Insider Trade Summary

Grant/Award: 14 shares

Grant/Award 1 txn

Insider Wolfe Serena

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	14	$84.27	$1K

Holdings After Transaction: Class A Common Stock — 6,347 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Represents the closing price per share of Issuer's common stock as of the record date.

Key Figures

RSUs granted: 14 units Reference share price: $84.27 per share Holdings after transaction: 6,347 units

3 metrics

RSUs granted 14 units Restricted stock units issued as dividend equivalents on July 10, 2026

Reference share price $84.27 per share Closing price per share on the July 10, 2026 record date

Holdings after transaction 6,347 units Direct Class A common share‑equivalent units following the RSU grant

Key Terms

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

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") issued in respect of the Reporting"

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"

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"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Serena Wolfe report for Lennar (LEN)?

Director Serena Wolfe reported receiving 14 restricted stock units (RSUs) linked to Lennar’s Class A common stock on July 10, 2026. The RSUs were issued as dividend equivalents on her unvested annual RSU grant under the outside directors’ compensation program, using a reference price of $84.27 per share.

Was Serena Wolfe’s Lennar (LEN) transaction an open-market stock purchase?

No. The filing shows a grant/award acquisition coded “A,” not an open‑market purchase. Wolfe received RSUs issued as dividend equivalents on her unvested annual RSU grant, consistent with Lennar’s outside directors’ compensation program, rather than buying shares in the market.

How many Lennar (LEN) units does Serena Wolfe hold after this transaction?

After the RSU issuance, Serena Wolfe holds 6,347 Class A common share‑equivalent units directly. This total includes the 14 RSUs granted as dividend equivalents and reflects her direct ownership position reported immediately following the July 10, 2026 transaction.

What price per share was used for Serena Wolfe’s Lennar (LEN) RSU dividend equivalents?

The RSUs were referenced at $84.27 per share, which represents the closing price of Lennar’s common stock on the July 10, 2026 record date. This value is used for reporting the dividend‑equivalent RSU grant.

Why did Serena Wolfe receive additional RSUs from Lennar (LEN) on July 10, 2026?

She received 14 RSUs as dividend equivalents on her unvested annual RSU grant, triggered by a dividend on Lennar’s common stock with a record date of July 10, 2026. The RSUs will vest at the same time as the related annual RSU grant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2026 - 06:23 PM EDT Learn about SEC filing dates

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^*

Wolfe Serena

(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)	6,347	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. 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.

	/s/ Mark Liberman as attorney-in-fact for Serena Wolfe	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)