Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 50

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 50
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| Performance Criteria                                                                                |     | Percent of Target/Maximum Award                    |     | Threshold                        |     | % of Target/Maximum |
| Leadership Matters:   •  Special legal projects, as determined from time to time                    |     | 50%                                                |     | Good Very Good                   
 Exceptional                      |     | 25% 50% 100%        |
| Continuous Improvement/Transformation:   •  Special legal projects, as determined from time to time |     | 50%                                                |     | Good Very Good                   
 Exceptional                      |     | 25% 50% 100%        |
| Total                                                                                               |     | 100% of Target/Maximum Award (280% of Base Salary) |     |                                  |     |                     |

The Compensation Committee determined that Mr. Sustana had achieved an “exceptional” performance rating for the above-referenced performance criteria and was therefore entitled to a maximum award of 280% of his base salary, or $ 1,400,000. In determining the score earned for Mr. Sustana’s performance, the Compensation Committee recognized the following achievements: provision of strategic legal counsel and support to Company business units to enable achievement of business goals and overall contribution to the Company’s solid performance during fiscal 2024, and his strategic leadership in managing litigation and regulatory compliance and in response to legal and governance challenges during the year. The Compensation Committee also recognized Mr. Sustana’s critical leadership role on legal and governance matters throughout the Millrose Spin-Off.No specific weight was given to any particular factor in the evaluations, and no one factor was determinative. 40 | LENNAR CORPORATION2025 PROXY STATEMENT

Compensation Discussion and Analysis 2024 Compensation Decisions MR. COLLINS Mr. Collins had the opportunity to earn a cash bonus of up to a maximum of $ 900,000. Mr. Collins’s fiscal year 2024 cash bonus opportunity differed from his fiscal year 2023 cash bonus opportunity because it was designed to focus on his achievement of certain special financial objectives. This change was part of a broader change by the Compensation Committee for fiscal 2024 to more directly measure performance based on leadership. At the same time, however, Mr. Collins’ fiscal year 2024 cash bonus opportunity, like his fiscal year 2023 cash bonus opportunity, was not directly tied to his individual annual performance appraisal review. The performance criteria and associated payout for Mr. Collins’ award