Lennar director granted dividend-linked stock units
OLIVERA ARMANDO J reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
OLIVERA ARMANDO J reported acquisition or exercise transactions in this Form 4 filing.
Lennar Corp. director Armando J. Olivera was granted 19 deferred stock units tied to Class A common stock as dividend equivalents on his director compensation, using a closing share price of $84.27 on the dividend record date. After this award, he holds 22,812 deferred stock units and 142 shares of Class B common stock, all directly.
Insider Trade Summary
Grant/Award: 19 shares
Grant/Award
2 txns
Insider
OLIVERA ARMANDO J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 19 | $84.27 | $2K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,812 shares (Direct);
Class B Common Stock — 142 shares (Direct)
Footnotes (2)
- F1. Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's deferred quarterly cash director's fee (the "Director's Fee DSUs") and DSUs issued in respect of the Reporting Person's unvested annual DSU grant (the "Annual Grant DSUs") (including dividend equivalents in respect of both the Director's Fee DSUs and Annual Grant DSUs), each 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. The Director's Fee DSUs are fully vested and the Annual Grant DSUs will vest at the same time as the annual DSU grant to which they relate, but neither will 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.
- F2. Represents the closing price per share of Issuer's common stock as of the record date.
Key Figures
Deferred stock units granted: 19.0000 units
Reference share price: $84.2700 per share
Deferred stock units after grant: 22812.0000 units
+1 more
4 metrics
Deferred stock units granted
19.0000 units
Grant/award acquisition of deferred stock units tied to Class A common stock
Reference share price
$84.2700 per share
Closing price per share on the dividend record date used for the DSU grant
Deferred stock units after grant
22812.0000 units
Total deferred stock units tied to Class A common stock following the transaction
Class B common stock holdings
142.0000 shares
Direct Class B Common Stock position reported as of July 10, 2026
Key Terms
deferred stock units, dividend equivalents, outside directors' compensation program, record date
4 terms
deferred stock units financial
"Represents deferred stock units ("DSUs") issued in respect of the Reporting Person's"
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.
dividend equivalents financial
"including dividend equivalents in respect of both the Director's Fee DSUs and Annual"
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"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Lennar (LEN) report for Armando J. Olivera?
Lennar reported that director Armando J. Olivera received 19 deferred stock units tied to Class A common stock as a grant based on dividend equivalents. These units reference a closing share price of $84.27 on the dividend record date and increase his deferred holdings.
At what price were Armando J. Olivera’s new Lennar (LEN) units valued?
The 19 deferred stock units granted to Armando J. Olivera were valued using a $84.27 closing price per share. This price reflects Lennar’s common stock closing value on the dividend record date of July 10, 2026, as described in the footnotes.
How many Lennar (LEN) deferred stock units does Armando J. Olivera hold after this grant?
Following the latest grant, Armando J. Olivera holds 22,812 deferred stock units tied to Class A common stock. These include units from director fee deferrals and an annual grant, plus related dividend equivalents, and will convert into shares when he leaves the Board of Directors.
What other Lennar (LEN) equity does Armando J. Olivera hold besides deferred stock units?
In addition to deferred stock units, Armando J. Olivera directly holds 142 shares of Lennar Class B common stock. This Class B position is reported as a holding entry, with no new Class B transaction amount disclosed in this Form 4 beyond the updated total.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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