Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 68

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 68
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) | The restricted stock vested on February 14, 2025. Mr. Miller’s, Mr. Jaffe’s, Ms. Bessette’s, and Mr. Sustana’s 21,280, 18,678, 2,531, and 3,038 shares of Class A common stock, respectively, do not include the 13,807, 12,119, 1,642, and 1,971 shares of Class A common stock, respectively, that were surrendered to satisfy withholding obligations. For a discussion of our equity plans’ retirement provisions and related withholding obligations, see “Compensation Discussion and Analysis—2024 Compensation Decisions—Equity-Based Compensation.” |

| (4) | The restricted stock will vest in two equal installments on February 14, 2025 and February 14, 2026. Mr. Miller’s, Mr. Jaffe’s, Ms. Bessette’s, and Mr. Sustana’s 33,228, 29,092, 6,793, and 6,480 shares of Class A common stock, respectively, do not include 21,559, 18,875, 4,407, and 4,204 shares of Class A common stock, respectively, that were surrendered to satisfy a withholding obligation due to the grant of the restricted stock. |

| (5) | The restricted stock will vest in three equal installments on February 14, 2025, February 14, 2026, and February 14, 2027. Mr. Miller’s, Mr. Jaffe’s, Ms. Bessette’s, and Mr. Sustana’s 33,253, 29,229, 7,558, and 7,250 shares of Class A common stock, respectively, do not include the 19,992, 17,386, 3,326, and 3,132 shares of Class A common stock, respectively, that were surrendered to satisfy withholding obligations. |

| (6) | For the 2022 Grant, the three-year performance period ended on November 30, 2024, but those awards remained outstanding and unvested as of November 30, 2024 because the peer group performance information necessary to determine Company’s relative performance with respect to certain metrics is not fully available until February 2025, and then the shares earned need to be certified by the Compensation Committee. The Compensation Committee is expected to certify