Form 4: Lennar Corp VP/General Counsel Sells Shares
SEC Form 4
Mark Sustana, VP/General Counsel/Secretary of Lennar Corp, sold 9,176 shares of Class A Common Stock at an average price of $164.88 on May 20, 2024.
Summary
- On May 20, 2024, Mark Sustana, VP/General Counsel/Secretary of Lennar Corp, sold 9,176 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $164.88 per share.
- The prices for individual share sales ranged from $164.56 to $165.36.
- Following the transaction, Sustana directly owns 16,768 shares of Class A Common Stock and 3,514 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity and provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company officer may cause some investors to re-evaluate their positions, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of transaction: Mark Sustana sold shares of Lennar Corp Class A Common Stock. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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