Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 31

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 31
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NAR CORPORATION2025 PROXY STATEMENT

Corporate Governance Sustainability at Lennar HEALTH AND SAFETY We are committed to the health and safety of our associates and trade partners, and we hired a full-time Chief Medical Officer in early 2020 at the beginning of the COVID-19pandemic. We are committed to worker safety and regulatory compliance, and among other things, require that office associates with oversight of construction and associates who work in the field take additional safety courses. Our Board of Directors and its Audit Committee regularly review the results of OSHA visits and other safety-related information to ensure that we are successfully managing and improving our safety program. TRADE PARTNERS We are focused on being the builder of choice for our trade partners. Our size, scale and pace, combined with our even-flow production and Everything’s Included ®platform, allow us to provide predictable, consistent work for our trade partners. CORPORATE GOVERNANCE Our Board is built on a foundation of strong governance practices that promote integrity and accountability, and this guides our conduct and commitment to doing the right thing for the right reason. Our governance practices include:

| • |     | Majority independent directors |

| • |     | Strong independent Lead Director |

| • |     | Annual election of all directors |

| • |     | Stock ownership guidelines for directors and executive officers |

| • |     | Active stockholder engagement |

| • |     | Board oversight of risk management and cybersecurity protection |

| • |     | Executive compensation that is aligned with stockholder interests and company performance |

| • |     | Strong corporate controls and internal audit systems |

Our Key ESG Achievements Over the past three years, we have realized some key achievements against our larger ESG strategy. Some of these achievements include:

| • |     | 2021:Increased Lennar’s pledge to the Lennar Foundation from 1% of Lennar’safter-taxincome each year to$1,000 per home delivered. |

| • |     | 2022:Launched Microgrid pilot in the Southshore Bay community near Tampa, Florida which includes solar technology in Lennar homes with a view toward developing next-generation energy solutions for new homes and communities to solve the problem of power outages and electric grid deficiencies. |

| • |     | 2022:Broke ground on Lennar’s first 3D printed community. This innovative project aims to increase the supply and sustainability of homes by utilizing3D-printingtechnology which can deliver homes with less waste than