Lennar Corp. Files Definitive Proxy Statement (DEF 14A)

Ticker: LEN-B · Form: DEF 14A · Filed: Feb 29, 2024 · CIK: 920760

Sentiment: neutral

Topics: Lennar Corp, DEF 14A, Proxy Statement, Executive Compensation, Corporate Governance

TL;DR

<b>Lennar Corp. has filed its Definitive Proxy Statement (DEF 14A) for the period ending April 10, 2024.</b>

AI Summary

LENNAR CORP /NEW/ (LEN-B) filed a Proxy Statement (DEF 14A) with the SEC on February 29, 2024. Lennar Corp. filed a Definitive Proxy Statement (DEF 14A) on February 29, 2024. The filing covers the period ending April 10, 2024. The company's fiscal year ends on November 30. Lennar Corp. is incorporated in Delaware. The company's principal executive offices are located in Miami, Florida.

Why It Matters

For investors and stakeholders tracking LENNAR CORP /NEW/, this filing contains several important signals. This filing provides crucial information for shareholders regarding upcoming votes, executive compensation, and corporate governance matters. Understanding the details within the DEF 14A is essential for shareholders to make informed decisions at the annual meeting.

Risk Assessment

Risk Level: low — LENNAR CORP /NEW/ shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational events.

Analyst Insight

Shareholders should review the proxy statement to understand executive compensation and vote on relevant proposals.

Key Numbers

Key Players & Entities

FAQ

When did LENNAR CORP /NEW/ file this DEF 14A?

LENNAR CORP /NEW/ filed this Proxy Statement (DEF 14A) with the SEC on February 29, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by LENNAR CORP /NEW/ (LEN-B).

Where can I read the original DEF 14A filing from LENNAR CORP /NEW/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by LENNAR CORP /NEW/.

What are the key takeaways from LENNAR CORP /NEW/'s DEF 14A?

LENNAR CORP /NEW/ filed this DEF 14A on February 29, 2024. Key takeaways: Lennar Corp. filed a Definitive Proxy Statement (DEF 14A) on February 29, 2024.. The filing covers the period ending April 10, 2024.. The company's fiscal year ends on November 30..

Is LENNAR CORP /NEW/ a risky investment based on this filing?

Based on this DEF 14A, LENNAR CORP /NEW/ presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational events.

What should investors do after reading LENNAR CORP /NEW/'s DEF 14A?

Shareholders should review the proxy statement to understand executive compensation and vote on relevant proposals. The overall sentiment from this filing is neutral.

How does LENNAR CORP /NEW/ compare to its industry peers?

Lennar Corporation is a major homebuilder in the United States, operating in the residential construction industry.

Are there regulatory concerns for LENNAR CORP /NEW/?

The filing is a DEF 14A, which is a standard SEC filing required for companies soliciting proxies from shareholders.

Industry Context

Lennar Corporation is a major homebuilder in the United States, operating in the residential construction industry.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing required for companies soliciting proxies from shareholders.

What Investors Should Do

  1. Review the executive compensation details presented in the proxy statement.
  2. Understand the proposals to be voted on at the shareholder meeting.
  3. Assess any changes in corporate governance practices outlined in the filing.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. Specific comparative data from a previous filing is not detailed within this header information.

Filing Stats: 4,258 words · 17 min read · ~14 pages · Grade level 14.5 · Accepted 2024-02-29 06:31:16

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 50 Summary Compensation Table 50 Grants of Plan-Based Awards 51 Outstanding Equity Awards at Fiscal Year-End 53 Option Exercises and Stock Vested 54 Potential Payments upon Termination after Change in Control 54 CEO Pay Ratio 57 Pay Versus Performance Disclosure 58 PROPOSAL 3: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS 64 AUDIT COMMITTEE REPORT 66 PROPOSAL 4: APPROVAL OF AN AMENDMENT TO OUR RESTATED CERTIFICATE OF INCORPORATION 67 PROPOSAL 5: STOCKHOLDER PROPOSAL ON POLITICAL SPENDING DISCLOSURE 68 PROPOSAL 6: STOCKHOLDER PROPOSAL ON LGBTQ EQUITY AND INCLUSION DISCLOSURE S 71 PROPOSAL 7: STOCKHOLDER PROPOSAL ON REDUCING GREENHOUSE GAS EMISSIONS 74

SECURITY OWNERSHIP

SECURITY OWNERSHIP 77

Security Ownership of Officers and Directors

Security Ownership of Officers and Directors 77

Security Ownership of Principal Stockholders

Security Ownership of Principal Stockholders 78 OTHER MATTERS 79 EXHIBIT A: CERTIFICATE OF AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION OF LENNAR CORPORATION A-1 This summary does not contain all the information stockholders should consider, and we encourage stockholders to read the entire proxy statement carefully. Annual Meeting of Stockholders When: Wednesday, April 10, 2024 11:00 AM Eastern Time Where: Virtual Meeting Site: www.virtualshareholdermeeting.com/LEN2024 The Annual Meeting will be held in a virtual format only . There will not be a physical meeting location. To attend, vote, and submit questions during the Annual Meeting visit www.virtualshareholdermeeting.com/LEN2024 and enter the control number included in your Notice Regarding the Availability of Proxy Materials, voting instruction form, or proxy card. Online access to the webcast will open approximately 15 minutes prior to the start of the Annual Meeting. Voting Matters For more information Board's recommendation Proposal 1 To elect 11 directors to serve until the 2025 Annual Meeting of Stockholders. Page 8 FOR all nominees Proposal 2 To approve, on an advisory basis, the compensation of our named executive officers, which we refer to as "say-on-pay." Page 28 FOR Proposal 3 To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending November 30, 2024. Page 64 FOR Proposal 4 To approve an amendment to our Restated Certificate of Incorporation to limit the liability of certain officers as permitted by Delaware law. Page 67 FOR Proposal 5 To vote on a stockholder proposal requesting a report disclosing the Company's political spending and related policies and procedures. Page 68 AGAINST Proposal 6 To vote on a stockholder proposal requesting a report disclosing the Company's LGBTQ equity and inclusion efforts in its human capital management strate

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