Form 4: Lennar Corp VP/General Counsel/Secretary Reports Changes in Beneficial Ownership
SEC Form 4
Mark Sustana, VP/General Counsel/Secretary of Lennar Corp, reports acquisition and disposal of Class A Common Stock to cover withholding obligations.
Summary
- Mark Sustana, VP/General Counsel/Secretary of Lennar Corp, filed a Form 4 detailing changes in beneficial ownership.
- On January 13, 2025, Sustana acquired 11,781 shares of Class A Common Stock at $0.
- On the same day, Sustana disposed of 3,558 shares of Class A Common Stock at $131.58 to satisfy a withholding obligation related to a restricted stock grant.
- Following these transactions, Sustana directly owns 24,991 shares of Class A Common Stock and 3,514 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing is a routine disclosure of stock transactions related to compensation and withholding obligations.
Future Outlook
The shares of Class A common stock granted vest in three equal amounts on each of February 14, 2026, February 14, 2027, and February 14, 2028.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock due to the issuance of new shares, but this is offset by the alignment of management's interests with shareholders through stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of transaction: Acquisition and disposal of Class A Common Stock. |
| 01/15/2025 | Date of signature on the Form 4 filing. |
| 02/14/2026 | First vesting date for Class A common stock grant. |
| 02/14/2027 | Second vesting date for Class A common stock grant. |
| 02/14/2028 | Third vesting date for Class A common stock grant. |
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