Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 17

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 17
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| Chair: Teri P. McClure   Members: Amy Banse 
 Tig Gilliam Sherrill Hudson Dacona Smith    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Compensation Committee |
|                                             | THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR:   •  designing our executive compensation philosophy, policies, and plans; •  establishing CEO and other executive salaries, targets, and performance goals for annual incentive awards and certifying that the goals have been attained; •  establishing terms of equity awards and other forms of compensation for our senior executives and our directors; •  administering the Company’s equity-based plans, including our 2016 Equity Incentive Plan, as amended and restated (the “2016 Equity Plan”), and making or approving the grant of stock options, restricted stock and other equity-based awards under such plans; •  reviewing the results of the annual advisory stockholder vote on executive compensation and considering whether to recommend adjustments to Lennar’s executive compensation policies and plans as a result of such votes; •  providing guidance on general compensation programs and practices for all associates; and •  overseeing the Company’s human capital management.   The Compensation Committee has the authority to engage the services of outside legal or other experts and advisors as it deems necessary and appropriate to assist the committee in fulfilling its duties and responsibilities. For more information on outside advisors, see the Compensation Discussion and Analysis section of this proxy statement, which begins on page 30.   The Board of Directors has determined that each member of the Compensation Committee meets the independence requirements under the NYSE’s corporate governance listing standards and meets the independence standards for compensation committee members required by the SEC. |                        |

LENNAR CORPORATION2025 PROXY STATEMENT | 17

Corporate Governance Board Committees Compensation Committee Interlocks and Insider Participation None of the directors who served on the Compensation Committee during fiscal 2024 was, or ever has been, an officer or employee of the Company. There were no transactions between Lennar and any of the directors who served as members of the Compensation Committee for any part of fiscal year 2024 that would require disclosure by Lennar under the SEC’s rules requiring disclosure of certain relationships and related-party transactions.

| Chair: Jeffrey Sonnenfeld   Members: Amy Banse Teri P. McClure Armando Olivera |