Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 92

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 92
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, directly and through the Compensation Committee, is responsible for oversight of human capital management matters, including talent management. Effective oversight is accomplished through a variety of methods and processes, including regular updates and discussions around human capital transformation efforts, technology initiatives impacting the workforce, health and safety matters, employee survey results related to culture and other matters, hiring and retention, employee demographics, compensation and benefits, succession planning and employee training initiatives. We believe that the Board’s oversight of these matters helps identify and mitigate exposure to human capital management risks and is part of the broader framework that guides how we attract, retain and develop a workforce that aligns with our values and strategies.

LENNAR CORPORATION2025 PROXY STATEMENT | 73

Proposal 6: LGBTQIA+Equity and Inclusion Disclosures

Lennar already provides investors with meaningful information about our inclusion and diversity efforts and policies.

We provide regular updates on developments in our inclusion and diversity efforts in our annual Social Responsibility Reports, our Code of Business Ethics and Conduct and on our website. In addition, our balanced and diverse Board composition is disclosed elsewhere in this proxy statement. We believe that these disclosures provide investors with necessary and appropriate information to determine the effectiveness of our human capital management efforts.

Producing the proposed report is unnecessary and inefficient.

We believe that our existing diversity and inclusion practices and disclosures provide meaningful information that allows investors to determine the effectiveness of our human capital management policies related to workplace diversity, including our LGBTQIA+ equity and inclusion efforts. Therefore, approval of this proposal would not result in an efficient use of resources.

74 | LENNAR CORPORATION2025 PROXY STATEMENT

Security Ownership of Officers and Directors The following table shows beneficial ownership information as of February 12, 2025, for (1) each of our current directors, (2) each of our “named executive officers” who are listed in the Summary Compensation Table, and (3) all of our current directors and executive officers as a group. As of February 12, 2025, we had 232,685,409 shares of Class A common stock and 31,660,558 shares of Class B common stock outstanding.

|                                                                      |     | Class A Common Stock |                  |     |                  |     | Class B Common Stock |                  |     |                  |
| Name                                                                 |     |                      | Number of Shares 
     Beneficially 
         Owned(1) |     | Percent Of Class |     |                      | Number of Shares 
     Beneficially 
        Owned (