Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 34

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 34
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 the director’s separation from service. For fiscal 2024, each of Messrs. Hudson, Lapidus, Olivera and Sonnenfeld elected to defer payment of both the cash and stock portions of their fees. Ms. McClure participated in the deferred compensation program until her termination in the program became effective in the second quarter of fiscal 2021. Mr. Gilliam participated in the deferred compensation program until he terminated his participation in September 2021 with respect to the cash portion of his Board and Committee fees, which termination was effective in the second quarter of fiscal 2022. Mr. Gilliam continues to defer the stock portion of his Board and Committee fees. 26 | LENNAR CORPORATION2025 PROXY STATEMENT

Corporate Governance Director Compensation The table below sets forth the aggregate number of phantom shares of Class A common stock held by such directors in their respective deferred compensation accounts at November 30, 2024.

| Name               |     | Aggregate Number of Class A Shares of PhantomStock Held in Deferred Compensation Accountat November 30, 2024 |
|:-------------------|:----|-------------------------------------------------------------------------------------------------------------:|
| Tig Gilliam(1)     |     |                                                                                                       41,171 |
| Sherrill W. Hudson |     |                                                                                                       66,461 |
| Sidney Lapidus     |     |                                                                                                       64,944 |
| Teri P. McClure(2) |     |                                                                                                       21,801 |
| Armando Olivera    |     |                                                                                                       25,368 |
| Jeffrey Sonnenfeld |     |                                                                                                       57,616 |

| (1) | A portion of the shares of phantom stock are shares that Mr. Gilliam received prior to terminating his deferral election with respect to the cash portion of his Board and Committee fees. |

| (2) | The shares of phantom stock are shares that Ms. McClure received prior to terminating the deferral election. |

The following table sets forth information regarding the compensation of our non-managementdirectors for fiscal 2024. Messrs. Miller and Jaffe are omitted from the table as Messrs. Miller and Jaffe do not receive any additional compensation for their service as directors. Compensation for these two executives is described in the Compensation Discussion and Analysis section of this proxy statement, which begins on page 30.

| Name               |     | Fees Earnedor Paid inCash ($)(1) |     | Stock Awards ($)(1)(2) |     | All