Company: LEN
Filing Date: 2025-02-28
Form Type: DEF 14A
Source: 0001193125-25-040938
Chunk: 38

Company: LENNAR CORP /NEW/
Filing Date: 2025-02-28
Form: DEF 14A
Chunk 38
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, policies, and plans, as well as our compensation-setting process and the 2024 compensation of our named executive officers, or NEOs. In addition, we explain why we believe that our executive compensation program is in the best interests of Lennar and you, our stockholders. For fiscal 2024, our NEOs were:

| Stuart Miller Executive Chairman and Co-Chief Executive Officer |     | Jonathan M. Jaffe Co-Chief Executive Officer and President |     | Diane Bessette Vice President and Chief Financial Officer |     | Mark Sustana Vice President, General Counsel and Secretary |     | David Collins Vice President and Controller |     | Jeff McCall Former Executive Vice President |

| Table of Contents                                      |     |    |     |                                         |     |    |
| EXECUTIVE SUMMARY                                      |     | 30 |     | 2021 Performance Share Awards – Results |     | 45 |
| Our Compensation Practices                             |     | 35 |     | Other Benefits                          |     | 45 |
| Roles and Responsibilities with Regard to Compensation |     | 36 |     | Change in Control Effects               |     | 45 |
| Use of Market Data                                     |     | 37 |     | Executive Transitions                   |     | 45 |
| 2024 Compensation Decisions                            |     | 37 |     | Other Compensation Practices            |     | 46 |

Executive Summary Continued Stockholder Engagement on Executive Compensation The Compensation Committee and full Board take the outcome of the Say-on-Payvote seriously and are focused on gathering and responding to our stockholders’ feedback regarding the Company’s executive compensation programs. As part of its compensation-settingprocess, the Compensation Committee considers the results of the stockholder advisory vote on our executive compensation from the prior year. The Compensation Committee reports that approximately 79% of the votes cast at our 2024 Annual Meeting were voted in favor of our executive compensation. This strong rate of stockholder approval nonetheless represents a slight decrease in support relative to fiscal 2023. Therefore, the Compensation Committee continues to put forth consistent efforts to engage and align with, and be responsive to, our stockholders to bolster future stockholder voting results. Throughout fiscal 2024, in furtherance of these efforts, the Compensation Committee participated in a series of discussions and consultations with the Compensation Committee’s independent compensation advisor. In a continued effort to be responsive to the feedback we received from extensive outreach to our stockholders in fiscal 2023, the Compensation Committee in fiscal 202