Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 1

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 1
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 and majority voting in uncontested elections |

| • |     | Annual stockholder advisory vote to approve named executive officer (“NEO”) compensation |

| • |     | Compensation clawback policy |

| • |     | Annual Board and committee evaluations |

Board Practices

| • |     | Corporate Governance Guidelines that are publicly available and reviewed annually |

| • |     | Balanced and diverse Board composition |

| • |     | Regular review of cybersecurity, safety and other significant risks |

Ethical Practices

| • |     | Code of Business Ethics and Conduct that is applicable to all our directors, officers, and associates |

| • |     | Ethics hotline available to all associates as well as third parties |

| • |     | Audit Committee responsible for reviewing complaints regarding financial, accounting, auditing, code of conduct, or related matters |

Alignment with Stockholder Interests

| • |     | Pay-for-performance executive compensation program |

| • |     | Robust stock ownership guidelines for directors and executive officers |

| • |     | Prohibition against director and executive officer hedging of Lennar stock |

| • |     | Prohibition against director and executive officer pledging of Lennar stock used to satisfy stock ownership guidelines |

Stockholder Engagement We regularly engage with our stockholders about our business and operations. During fiscal 2024, we spoke with stockholders representing approximately 75% of our non-affiliatedoutstanding shares about issues of importance to them, including our executive compensation practices and our corporate governance policies. Performance Highlights During fiscal 2024, Lennar achieved strong financial and operational performance, including:

| REVENUE |     | NET INCOME |     | HOME DELIVERIES |     | NEW HOME ORDERS |
| $35.4B  |     | $3.9B      |     |          80,210 |     |          76,951 |

4 | LENNAR CORPORATION2025 PROXY STATEMENT

Proxy Summary Sustainability and Human Capital Management Highlights Sustainability. During fiscal 2024, Lennar realized some key achievements against our larger Environmental, Social and Governance (“ESG”) strategy. Some of these achievements include:

| • |     | Launched the Adoption Assistance Plan (“AAP”), an adoption assistance plan to support full-time associates who choose to grow their family through adoption. This plan allows the Company to reimburse up to $30,000 in eligible expenses per child, with no limit on the number of children, to help make adoption a more accessible option for our associates and