Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 61

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 61
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 provided in Note 1 to the financial statements included in our Annual Report on Form 10-K for the fiscal year ended November 30, 2024. For fiscal 2024, the amounts for Messrs. Miller, Jaffe, and McCall and Ms. Bessette include the grant date fair value of the January 8, 2024 grant of service-based restricted stock, the grant date fair value of the target number of shares of performance share awards, and cash paid in lieu of fractional shares. The Company’s practice is to determine a targeted dollar value of the applicable award, convert that dollar value into a number of shares, and, to the extent there is any fractional share, pay that amount in cash. Messrs. Miller, Jaffe, and McCall and Ms. Bessette received cash in lieu of fractional shares in the amounts of $186.55, $136.15, $184.94, and $283.92, respectively. The amounts for Messrs. Sustana and Collins include the grant date fair value of the January 8, 2024 grant of service-based restricted stock, and cash paid in lieu of fractional shares. Messrs. Sustana and Collins received cash in lieu of fractional shares in the amounts of $122.08 and $112.35, respectively. The table below shows the total grant date fair values of the performance share awards granted on January 8, 2024 if the threshold number of shares, or the maximum number of shares that potentially could be earned, were used instead of the target. |

| Name              |     | Threshold ($) |           |     | Target ($) |            |     | Maximum ($) |            |
| Stuart Miller     |     |               | 5,624,811 |     |            | 18,749,369 |     |             | 37,498,738 |
| Jonathan M. Jaffe |     |               | 4,924,426 |     |            | 16,414,753 |     |             | 32,829,505 |
| Diane Bessette    |     |               |   492,759 |     |            |  1,642,532 |     |             |  3,285,063 |
| Mark Sustana      |     |               |         — |     |            |          — |     |             |          — |
| David Collins     |     |               |         — |     |            |