Lennar Corp DEF 14A: Executive Pay & Governance Details
Ticker: LEN-B · Form: DEF 14A · Filed: Feb 28, 2025 · CIK: 920760
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
Lennar's 2025 DEF 14A is out, detailing exec pay for Beckwitt, Jaffe, Miller. Governance stuff inside.
AI Summary
Lennar Corp filed its DEF 14A on February 28, 2025, for the fiscal year ending November 30, 2024. The filing details executive compensation and corporate governance matters. Key individuals mentioned in relation to compensation and board roles include Rick Beckwitt, Jonathan M. Jaffe, and Stuart Miller, with compensation periods spanning from 2020 to 2024.
Why It Matters
This filing provides crucial insights into how Lennar Corp compensates its top executives and outlines the company's governance structure, which can influence investor confidence and strategic decisions.
Risk Assessment
Risk Level: low — DEF 14A filings are routine disclosures of executive compensation and corporate governance, typically not indicating new or elevated risks.
Key Players & Entities
- Lennar Corp (company) — Filer of the DEF 14A
- Rick Beckwitt (person) — Member of the board, compensation discussed
- Jonathan M. Jaffe (person) — Member of the board, compensation discussed
- Stuart Miller (person) — Member of the board, compensation discussed
- 20250228 (date) — Filing date
- 2024-11-30 (date) — Fiscal year end
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Proxy Statement, is used to solicit proxies from shareholders for an upcoming annual meeting, providing detailed information on matters to be voted upon, including executive compensation, director elections, and other corporate governance issues.
Which fiscal periods are covered by the compensation data mentioned in this filing?
The filing references compensation data for fiscal years ending November 30 for 2020-2021, 2021-2022, 2022-2023, and 2023-2024.
Who are the key individuals whose compensation and board roles are highlighted?
Key individuals mentioned in relation to board membership and compensation include Rick Beckwitt, Jonathan M. Jaffe, and Stuart Miller.
What is Lennar Corp's Standard Industrial Classification (SIC) code?
Lennar Corp's SIC code is 1520, categorized under GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS.
When was Lennar Corp incorporated or last changed its name?
The filing indicates Lennar Corp was incorporated in Delaware (DE) and was formerly known as PACIFIC GREYSTONE CORP /DE/, with a date of name change on 19940323.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on February 28, 2025 by Rick Beckwitt regarding LENNAR CORP /NEW/ (LEN-B).