Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 35

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 35
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 deferred stock awards for fiscal 2024, as well as the phantom shares credited to such director’s account for fiscal 2024. |

| Name               |     | Deferred Cash 
      Fees ($) |     | Deferred Stock 
     Awards ($) |     | Phantom SharesCredited toAccount |
| Tig Gilliam        |     |             0 |     |         70,000 |     |                              889 |
| Sherrill W. Hudson |     |       115,000 |     |         70,000 |     |                            1,850 |
| Sidney Lapidus     |     |       107,500 |     |         70,000 |     |                            1,807 |
| Armando Olivera    |     |       161,250 |     |         70,000 |     |                            1,654 |
| Jeffrey Sonnenfeld |     |       115,000 |     |         70,000 |     |                            1,746 |

| (2) | Amount reflects (i) 50% of the annual retainer fee, payable in shares of Class A common stock, and (ii) the fair market value of the 863 shares of Class A common stock that constitute the annual equity grant for all directors. The annual equity grant award was made on April 10, 2024 to each of Ms. Banse, Mr. Gilliam, Mr. Hudson, Mr. Lapidus, Ms. McClure, Mr. Olivera, Mr. Smith, Mr. Sonnenfeld, and Ms. Wolfe and had a grant date fair value of $156.43 per share. All of the foregoing shares were fully vested upon issuance, but 50% of the shares are subject to atwo-yearminimum holding period. |

LENNAR CORPORATION2025 PROXY STATEMENT | 27

Corporate Governance Director Compensation

| (3) | With respect to Ms. Banse, Mr. Smith and Ms. Wolfe, the amount reflects cash in lieu of fractional shares relating to the quarterly annual retainer fees paid in stock. With respect to Ms. McClure, the amount includes both cash in lieu of fractional shares relating to the quarterly annual retainer fee paid in stock and dividend equivalents payable on phantom shares held in Ms. McClure’s deferred compensation account that were received prior to termination of the deferral election. With respect to Messrs. Gilliam, Hudson, Lapidus, Olivera and Sonnen