Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 69

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 69
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 the performance results and vesting in late February 2025. |

52 | LENNAR CORPORATION2025 PROXY STATEMENT

Executive Compensation Option Exercises and Stock Vested Option Exercises and Stock Vested The following table provides information concerning the vesting of restricted Class A common stock and the value realized on such vesting on an aggregated basis during the fiscal year ended November 30, 2024, for each of the named executive officers. None of our named executive officers have stock options relating to our Class A or Class B common stock.

|                   |     | Stock Awards |         |     |                |
| Name              |     | Number of    
 Class A      
 Shares       
 Vesting      
 (#)(1)(2)    |         |     |          Value 
    Realized on 
 Vesting ($)(3) |
| Stuart Miller     |     |              | 211,906 |     |     32,505,137 |
| Jonathan M. Jaffe |     |              | 183,002 |     |     28,070,774 |
| Diane Bessette    |     |              |  33,027 |     |      5,065,204 |
| Mark Sustana      |     |              |  12,308 |     |      1,879,550 |
| David Collins     |     |              |   9,843 |     |      1,514,542 |
| Jeff McCall       |     |              |  28,448 |     |      4,375,987 |

| (1) | Of these amounts, shares of Class A common stock were withheld to cover tax withholding obligations as follows: Mr. Miller, 74,386 shares; Mr. Jaffe, 64,965 shares; Ms. Bessette, 11,723 shares; Mr. Sustana, 3,132 shares; Mr. Collins, 3,789 shares; and Mr. McCall, 12,604 shares. With respect to Mr. Miller, Mr. Jaffe, Ms. Bessette, and Mr. Sustana, Lennar withheld the shares when he or she became retirement-eligible under the 2016 Equity Plan, or if later, when they were granted to him or her. For a discussion of the 2016 Equity Plan’s retirement provisions and related withholding obligations, see “Compensation Discussion and Analysis—2024 Compensation Decisions—Equity-Based Compensation.” |