Lennar director granted 12 RSUs after dividend

Lennar Corporation director Serena Wolfe received an automatic equity award tied to a dividend.

Rhea-AI Filing Summary

Lennar Corporation director Serena Wolfe received an automatic equity award tied to a dividend. She acquired 12 restricted stock units (RSUs) of Class A Common Stock, issued in respect of her unvested annual RSU grant as a result of the dividend on Lennar’s common stock with a record date of April 22, 2026. The RSUs will vest at the same time as her underlying annual RSU grant, and fractional amounts were rounded to the nearest whole unit. The transaction reflects a compensation-related grant, not an open-market purchase, and brings her direct holdings to 6,333 shares of Class A Common Stock, based on the closing price of $94.45 per share on the record date.

Insider Trade Summary

Grant/Award: 12 shares

Grant/Award 1 txn

Insider Wolfe Serena

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	12	$94.45	$1K

Holdings After Transaction: Class A Common Stock — 6,333 shares (Direct)

Footnotes (2)

1. F1. Represents restricted stock units ("RSUs") issued in respect of the Reporting Person's unvested annual RSU grant as a result of the dividend on the Issuer's common stock with a record date of April 22, 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: 12 RSUs Reference share price: $94.45 per share Shares held after transaction: 6,333 shares

3 metrics

RSUs granted 12 RSUs Issued in respect of unvested annual RSU grant from dividend on April 22, 2026

Reference share price $94.45 per share Closing price of Lennar common stock as of the April 22, 2026 record date

Shares held after transaction 6,333 shares Total direct Class A Common Stock holdings following RSU grant

Key Terms

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

3 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.

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 April 22, 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.

FAQ

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

What did Lennar (LEN) director Serena Wolfe report in this Form 4 filing?

Serena Wolfe reported receiving 12 restricted stock units (RSUs) of Lennar Class A Common Stock. These RSUs were issued as part of her outside director compensation in connection with a dividend and will vest with her existing annual RSU grant.

How many Lennar (LEN) shares does Serena Wolfe hold after this RSU grant?

After this RSU grant, Serena Wolfe holds 6,333 shares of Lennar Class A Common Stock directly. This figure includes the 12 new RSUs issued in respect of the dividend, rounded to the nearest whole unit as disclosed.

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

No, the transaction was not an open-market purchase. It was classified as a grant or award acquisition of 12 RSUs, issued automatically under Lennar’s outside directors’ compensation program in connection with a common stock dividend.

What price per share is associated with Serena Wolfe’s new Lennar (LEN) RSUs?

The RSUs are tied to a reference price of $94.45 per share, which represents the closing price of Lennar’s common stock on the April 22, 2026 dividend record date. This figure is used for reporting, not as an open-market transaction price.

When will Serena Wolfe’s new Lennar (LEN) RSUs vest?

The newly issued RSUs will vest at the same time as Serena Wolfe’s related annual RSU grant. They were granted in respect of her unvested annual RSU award, following Lennar’s dividend and under the outside directors’ compensation program.

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

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Accepted by SEC EDGAR 04/24/2026 - 05:35 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)
04/22/2026

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	04/22/2026		A		12(1)	A	$94.45(2)	6,333	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 as a result of the dividend on the Issuer's common stock with a record date of April 22, 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	04/24/2026
	** 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)