Lennar Corporation director Armando J. Olivera received a grant of 2,312 deferred stock units (DSUs) of Class A common stock on April 8, 2026 as part of the outside directors' compensation program. These DSUs vest on the earlier of the next annual stockholders' meeting or the first anniversary of the grant date.
The DSUs will not convert into shares of Class A common stock until Olivera ceases to serve on the Board of Directors. After this award, he directly holds 22,276 shares of Class A common stock and 142 shares of Class B common stock.
Lennar Corporation filed a shelf registration statement on April 10, 2026 to register multiple classes of securities for issuance and resale.
The shelf prospectus covers Class A and Class B common stock, preferred and participating preferred stock, depositary shares, debt securities, warrants and units, and permits offerings by Lennar or by selling stockholders from time to time after the registration becomes effective. Net proceeds, when Lennar is the seller, are intended for general corporate purposes, including repayment of indebtedness, working capital, capital expenditures, land acquisition and development, and share repurchases.
Lennar Corporation reported weaker results for the quarter ended February 28, 2026. Total revenues were $6.62 billion, down from $7.63 billion a year earlier, mainly from lower Homebuilding revenue. Net earnings attributable to Lennar fell to $229.4 million from $519.5 million, and basic and diluted EPS declined to $0.93 from $1.96. Homebuilding still generated most revenue at $6.30 billion, while Financial Services, Multifamily and Lennar Other together contributed about $321 million. The company used $433.5 million of cash in operating activities, repurchased ~2.0 million shares for $237.1 million, and paid $123.5 million in dividends, ending the quarter with $2.39 billion in cash and restricted cash and total equity of $22.0 billion.
The Vanguard Group amended its Schedule 13G/A to report 0 shares of Lennar Corp Common Stock. The filing states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538. The amendment is signed on 03/27/2026.
Lennar Executive Chairman and CEO Stuart A. Miller reported two non-market dispositions of Lennar stock. On March 16, 2026, he forfeited 55,490 shares of Class A common stock back to the company from a February 28, 2023 performance-based grant after only partial achievement of financial goals.
On the same date, he also surrendered 59,958 Class A shares at $95.95 per share to cover tax liabilities on performance-based shares, under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly held 1,149,862 Class A shares and 121,322 Class B shares, plus additional indirect holdings through GRATs, trusts and an ESOP, including 500,000 Class A shares in GRAT 3 and 21,619,137 Class B shares in a family trust.
Lennar Corporation VP & Chief Financial Officer Diane J. Bessette reported routine equity compensation adjustments involving Class A common stock. She disposed of 4,862 shares at $0.00 per share as a disposition to the issuer, representing forfeited shares from a February 28, 2023 performance-based grant after only partial satisfaction of financial goals.
She also surrendered 4,698 Class A shares at $95.95 per share to cover tax liabilities on performance-based shares, pursuant to a Rule 10b5-1 trading plan. Following these dispositions, she directly holds 329,308 Class A shares. Additional Class A and Class B shares are held in Uniform Transfers to Minors Act (Florida) custodial accounts for a minor child, either by her spouse or by her as custodian, and she disclaims beneficial ownership of those indirect holdings.
Lennar Corporation reported first-quarter 2026 net earnings attributable to Lennar of $229 million, or $0.93 per diluted share, down from $520 million, or $1.96, a year earlier. Total revenues declined to $6.6 billion from $7.6 billion, mainly as homebuilding revenue fell 13% on lower prices and fewer deliveries.
Gross margin on home sales compressed to 15.2% from 18.7%, while SG&A rose to 9.8% of home sales revenue, reducing net margin to 5.3%. Financial Services operating earnings fell to $91 million from $143 million, partly offset by improved Multifamily and Lennar Other results helped by $15 million of mark-to-market gains on technology investments.
Lennar ended the quarter with homebuilding cash of $2.1 billion and homebuilding debt to total capital of 15.7%, with net homebuilding debt to total capital of 8.3%. The company repurchased 2 million shares for $237 million at an average price of $118.54. For the second quarter of 2026, Lennar expects deliveries of 20,000–21,000 homes, an average sales price of $370,000–$375,000, gross margin of 15.5%–16.0%, SG&A of 8.9%–9.1%, and Financial Services operating earnings of $100–$110 million.
Lennar director Jeffrey Sonnenfeld reported an equity award rather than an open‑market trade. He received 251 deferred stock units of Class A common stock on the company’s stock, valued at $114.36 per share, in lieu of a quarterly cash retainer for his board service.
The deferred stock units are fully vested at grant but will not convert into Class A shares until he leaves the Board of Directors. After this grant, Sonnenfeld directly holds 25,182 Class A shares and 591 Class B shares.
Lennar Corporation director Armando J. Olivera reported an acquisition of deferred stock units tied to Class A common stock. On February 27, 2026, he received 393 deferred stock units valued at $114.36 per unit as a grant in lieu of his quarterly cash retainer for board service.
The footnote explains these deferred stock units are fully vested at grant but will not convert into Class A shares until he leaves the Board of Directors. Following this grant, his reported direct holdings were 19,964 shares of Class A common stock and 142 shares of Class B common stock.