Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 75

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 75
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 years. |

LENNAR CORPORATION2025 PROXY STATEMENT | 57

Executive Compensation Pay Versus Performance Disclosure Relationship Between Compensation Actually Paid, Company TSR, and Peer Group TSR The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEONEOs, the Company’s cumulative TSR over the four most recently completed fiscal years, and the Peer Group TSR over the same period. 58 | LENNAR CORPORATION2025 PROXY STATEMENT Executive Compensation Pay Versus Performance Disclosure Relationship Between Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEONEOs, and our Net Income during the four most recently completed fiscal years. Relationship Between Compensation Actually Paid and Pretax Income The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEONEOs, and our Pretax Income during the four most recently completed fiscal years. LENNAR CORPORATION2025 PROXY STATEMENT | 59

Executive Compensation Pay Versus Performance Disclosure

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and other NEOs for 2024 to Company performance. The measures in this table are not ranked.

| Pretax Income                       |
| Relative Gross Profit Percentage    |
| Relative Return on Tangible Capital |
| Relative Total Shareholder Return   |
| Debt to EBITDA Ratio                |

60 | LENNAR CORPORATION2025 PROXY STATEMENT

The Audit Committee of the Board of Directors has appointed Deloitte & Touche LLP (“D&T”) to continue to serve as our independent registered public accounting firm for the fiscal year ended November 30, 2025, and the Board has directed that management submit this appointment for ratification by the stockholders at the Annual Meeting. D&T has been Lennar’s independent public accounting firm since 1994. The Audit Committee believes that the continued retention of D&T as Lennar’s independent registered public accounting firm is in the best interests of Lennar and its stockholders. Neither Lennar’s By-Lawsnor any other governing documents or law require stockholder ratification of the selection of Lennar’s independent registered public accounting firm. However, the Board believes that seeking stockholder