Lennar (NYSE: LEN) director receives 2,312 deferred stock units as award

Rhea-AI Filing Summary

Lennar Corporation director Jeffrey Sonnenfeld received an award of 2,312 deferred stock units (DSUs) of Class A Common Stock for his board service. These DSUs are issued instead of an annual share grant under the outside directors' compensation program and carry no cash payment.

The DSUs vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date, and they do not convert into Class A common shares until he leaves the Board of Directors. After this grant, Sonnenfeld directly holds 27,494 Class A shares and 591 Class B shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SONNENFELD JEFFREY

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	2,312	$0.00	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 27,494 shares (Direct); Class B Common Stock — 591 shares (Direct)

Footnotes (1)

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Key Figures

Deferred stock units granted: 2,312 units Class A shares after transaction: 27,494 shares Class B shares held: 591 shares +1 more

4 metrics

Deferred stock units granted 2,312 units Class A Common Stock DSUs granted on April 8, 2026

Class A shares after transaction 27,494 shares Total Class A Common Stock held directly after grant

Class B shares held 591 shares Direct holdings of Class B Common Stock after reported transactions

Grant price per share $0.0000 per unit Compensation award, not an open-market purchase

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

"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"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

SONNENFELD JEFFREY

(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)
04/08/2026

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	04/08/2026		A		2,312(1)	A	$0.00	27,494	D
Class B Common Stock								591	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 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.

	/s/ Mark Liberman as attorney-in-fact for Jeffrey Sonnenfeld	04/10/2026
	** 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)

FAQ

What did Lennar (LEN) director Jeffrey Sonnenfeld report in this Form 4?

Jeffrey Sonnenfeld reported receiving 2,312 deferred stock units as a board compensation award. These units represent Class A Common Stock, vest over time, and increase his direct holdings to 27,494 Class A shares and 591 Class B shares.

Is Jeffrey Sonnenfeld buying or selling Lennar (LEN) stock in this filing?

The filing shows an acquisition through a grant, not an open-market buy or sale. Sonnenfeld received 2,312 deferred stock units as compensation for board service, with no sale transactions or cash purchases reported in this Form 4.

How and when do the Lennar deferred stock units for Jeffrey Sonnenfeld vest?

The 2,312 deferred stock units vest on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date. Vesting reflects earned board service and is part of Lennar’s outside directors' compensation program structure.

When will Jeffrey Sonnenfeld’s Lennar deferred stock units convert into Class A shares?

The deferred stock units do not convert into Class A common shares until he ceases to be a member of Lennar’s Board of Directors. This means the DSUs remain deferred and are settled only when his board service ends.

What are Jeffrey Sonnenfeld’s Lennar share holdings after this Form 4 transaction?

Following the compensation grant, Jeffrey Sonnenfeld directly holds 27,494 shares of Lennar Class A Common Stock and 591 shares of Class B Common Stock. The increase reflects the 2,312 deferred stock units awarded for his service as a director.

What are deferred stock units in Lennar’s outside directors' compensation program?

Deferred stock units are share-based awards issued instead of an immediate share grant. For Lennar directors, these DSUs vest after a service period and convert into Class A common stock only when the director leaves the board, aligning compensation with long-term service.