BESSETTE DIANE J 4

4 · LENNAR CORP /NEW/ · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Lennar CFO Diane J. Bessette Sells Shares (Tax Withholding)

What Happened

Diane J. Bessette, Chief Financial Officer of Lennar Corp (LEN), reported share dispositions on Mar 16, 2026. She forfeited 4,862 Class A shares (disposition to the issuer) and surrendered 4,698 shares as payment for tax liability at $95.95 per share (total ~ $450,773). The forfeited shares relate to a Feb 28, 2023 performance-based grant that was only partially satisfied.

Key Details

Transaction dates and prices: Mar 16, 2026 — 4,862 shares forfeited @ $0.00; 4,698 shares surrendered @ $95.95 (~$450,773).
Footnotes: forfeiture stems from partial satisfaction of performance goals for a Feb 28, 2023 grant; the share surrender to cover taxes was made pursuant to a 10b5-1 plan.
Ownership after transaction: the Form 4 does not disclose total shares beneficially owned after these transactions.
Other disclosures: the filing includes custodial/record-holding disclaimers (some shares held by spouse or as custodian for a minor); no indication the filing was late (reported Mar 16, filed Mar 18).

Context

This was not a market purchase but routine tax withholding/forfeiture tied to performance-based awards and a 10b5-1 plan. Such transactions are administrative (cover taxes or reflect unvested performance reductions) and do not necessarily signal a change in the insider’s sentiment about the company.

Form 4

Period: 2026-03-16

VP & Chief Financial Officer

Transactions

Disposition to Issuer
Class A Common Stock
[F1]
2026-03-16−4,862→ 334,006 total
Tax Payment
Class A Common Stock
[F2]
2026-03-16$95.95/sh−4,698$450,773→ 329,308 total

Holdings

Footnotes (4)

[F1]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.
[F2]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 The grant of shares subject to performance-based vesting conditions was originally made on February 28, 2023.
[F3]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.
[F4]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.

Signature

/s/ Mark Liberman as attorney-in-fact for Diane J. Bessette|2026-03-18

1 file