Lennar (LEN) CFO reports share forfeiture and tax withholding under 10b5-1 plan

Rhea-AI Filing Summary

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.

Insider Trade Summary 10b5-1

6 transactions reported

Mixed 6 txns

Insider BESSETTE DIANE J

Role VP & Chief Financial Officer

Type	Security	Shares	Price	Value
Disposition	Class A Common Stock	4,862	$0.00	--
Tax Withholding	Class A Common Stock	4,698	$95.95	$451K
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--
holding	Class B Common Stock	--	--	--
holding	Class B Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 334,006 shares (Direct); Class A Common Stock — 3,475 shares (Indirect, By spouse as UTMA FL custodian for minor child); Class B Common Stock — 3,511 shares (Indirect, By spouse as UTMA FL custodian for minor child)

Footnotes (1)

1. Represents shares forfeited from a February 28, 2023 grant of Class A common stock subject to performance-based vesting conditions due to partial satisfaction of certain financial performance goals. Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2023. Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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^*

BESSETTE DIANE J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026		D		4,862(1)	D	$0.00	334,006	D
Class A Common Stock	03/16/2026		F		4,698(2)	D	$95.95	329,308	D
Class A Common Stock								3,475	I	By spouse as UTMA FL custodian for minor child(3)
Class A Common Stock								3,475	I	By reporting person as UTMA FL custodian for minor child(4)
Class B Common Stock								3,511	I	By spouse as UTMA FL custodian for minor child(3)
Class B Common Stock								3,511	I	By reporting person as UTMA FL custodian for minor child(4)

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 shares forfeited from a February 28, 2023 grant of Class A common stock subject to performance-based vesting conditions due to partial satisfaction of certain financial performance goals.

2. Pursuant to a 10b5-1 plan, the reporting person surrendered shares to pay tax liability on the shares of Class A common stock that were subject to performance criteria. The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2023.

3. Shares are held of record by the reporting person's spouse as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

4. Shares are held of record by the reporting person as custodian for a minor child under the Uniform Transfer to Minors Act (FL). The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

	/s/ Mark Liberman as attorney-in-fact for Diane J. Bessette	03/18/2026
	** 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 insider transactions did Lennar (LEN) CFO Diane J. Bessette report on March 16, 2026?

Diane J. Bessette reported two dispositions of Lennar Class A common stock. She forfeited 4,862 shares back to the issuer from a 2023 performance-based grant and surrendered 4,698 shares at $95.95 per share to pay related tax liabilities under equity compensation arrangements.

Why were 4,862 Lennar (LEN) shares forfeited by the CFO in this Form 4?

The 4,862 forfeited shares came from a February 28, 2023 Class A grant. Those shares were subject to performance-based vesting and were returned to Lennar because certain financial performance goals were only partially satisfied, reducing the number of shares that ultimately vested under that award.

How were taxes handled on Lennar (LEN) CFO’s performance-based stock in this filing?

To cover tax liabilities on performance-based Class A shares, the CFO surrendered 4,698 shares at $95.95 each. The filing notes this tax-withholding disposition occurred pursuant to a Rule 10b5-1 trading plan, indicating a pre-arranged, automatic mechanism rather than a discretionary open-market sale.

How many Lennar (LEN) Class A shares does the CFO hold after these Form 4 transactions?

After the reported dispositions, the CFO directly holds 329,308 shares of Lennar Class A common stock. This figure reflects her remaining direct ownership position following the forfeiture of 4,862 shares to the issuer and the surrender of 4,698 shares for tax withholding obligations.

What does the Lennar (LEN) Form 4 say about the CFO’s indirect holdings for a minor child?

The filing shows Class A and Class B shares held in Florida UTMA custodial accounts for a minor child, some by the spouse and some by the CFO. It explicitly states she disclaims beneficial ownership of these securities and that the report should not be deemed an admission of beneficial ownership.

Was the Lennar (LEN) CFO’s tax-related share disposition under a Rule 10b5-1 plan?

Yes. The footnotes state the CFO surrendered shares to pay tax liability pursuant to a Rule 10b5-1 plan. This indicates the tax-withholding share disposition followed a pre-established trading plan rather than being timed as a discretionary market trade by the executive.