Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 4

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 4
---
 the alignment between executive compensation and Company’s performance. |

Our executive compensation policies and practices reinforce our pay-for-performancephilosophy. As shown below, the vast majority of fiscal 2024 compensation for our executives was performance-based or equity-based. A greater discussion on our commitment to pay for performance is included separately in “Compensation Discussion and Analysis—Our Compensation Practices—We Tie Executive Compensation to Performance” in this proxy statement. 6 | LENNAR CORPORATION2025 PROXY STATEMENT

Proxy Summary

| (1) | Includes Mr. McCall who transitioned to a non-executive role effective as of June 20, 2024. Information for Mr. McCall is based solely on his compensation earned for fiscal year 2024. For more information on Mr. McCall’s transition, see “Compensation Discussion and Analysis—Executive Transitions—Transition of Jeff McCall” in this proxy statement. |

Consistent with our compensation objectives, our named executive officers received the following total direct compensation (base salary, annual cash incentive awards, and equity awards) for fiscal 2024: 2024 NEO COMPENSATION SUMMARY

| Name                                              |     | Salary ($) |     | Stock Awards ($) |     |          Annual Cash 
 Incentive Awards ($) |     |  Total ($) |
| Stuart Miller                                     |     |  1,000,000 |     |       26,699,567 |     |            1,828,992 |     | 29,528,559 |
| Executive Chairman and Co-Chief Executive Officer |     |            |     |                  |     |                      |     |            |
| Jonathan M. Jaffe                                 |     |    800,000 |     |       23,374,974 |     |              872,946 |     | 25,047,920 |
| Co-Chief Executive Officer and President          |     |            |     |                  |     |                      |     |            |
| Diane Bessette                                    |     |    750,000 |     |        3,267,906 |     |            3,000,000 |     |  7,017,906 |
| Vice President and Chief Financial Officer        |     |            |     |                  |     |                      |     |            |
| Mark Sustana                                      |     |    500,000 |     |        1,550,259 |     |            1,400,000 |     |