4//SEC Filing
BECKWITT RICHARD 4
Accession 0001209191-22-014790
CIK 0000920760other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:47 PM ET
Size
13.0 KB
Accession
0001209191-22-014790
Insider Transaction Report
Form 4
LENNAR CORP /NEW/LEN, LEN.B
BECKWITT RICHARD
Executive Vice President
Transactions
- Award
Class A Common Stock
2022-02-28+184,780→ 1,803,774 total - Award
Class A Common Stock
2022-02-28+104,891→ 1,872,309 total - Tax Payment
Class A Common Stock
2022-02-28$89.88/sh−36,356$3,267,677→ 1,767,418 total - Tax Payment
Class A Common Stock
2022-02-28$89.88/sh−85,231$7,660,562→ 1,787,078 total
Holdings
- 120(indirect: By Trust)
Class B Common Stock
- 6,000(indirect: By Trust)
Class A Common Stock
- 21,501
Class B Common Stock
Footnotes (5)
- [F1]92,390 of the shares of Class A common stock granted are subject to performance-based vesting conditions over a three-year performance period, and the other 92,390 of the shares of Class A common stock granted vest in three equal amounts on each of February 14, 2023, February 14, 2024 and February 14, 2025. The grants are subject to forfeiture in accordance with their terms.
- [F2]Surrendered shares to the Company pursuant to a 10b5-1 plan to satisfy a withholding obligation due to a grant of restricted stock on February 28, 2022.
- [F3]On June 25, 2019, the reporting person was granted a target award of 111,706 shares of Class A common stock subject to performance-based vesting conditions over a three-year performance period ended November 30, 2021. This grant was reported when it occurred. As a result of meeting specified performance criteria, on February 28, 2022, the 111,706 shares of Class A common stock vested and the reporting person was granted an additional 104,891 shares of Class A common stock.
- [F4]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 The grant of shares subject to performance-based vesting conditions was originally made on June 25, 2019.
- [F5]The shares are held in a trust for the benefit of the reporting person's spouse.
Documents
Issuer
LENNAR CORP /NEW/
CIK 0000920760
Entity typeother
Related Parties
1- filerCIK 0001197193
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:47 PM ET
- Size
- 13.0 KB