Lennar approves 2022 comp: Chairman ~0.58% pretax, Co-CEOs ~0.51% each, equity grants up to ~105k shares for Miller

LENNAR CORP /NEW/

Cash bonuses: Chairman 0.58% of pretax income after 7.3% capital charge; Co-CEOs 0.51% each; Bessette 200% base; McCall 350% base; Sustana up to 100% base.
Equity grants: Miller ~210k shares (perf+time), Co-CEOs ~185k ea, Bessette ~25k, McCall ~19k, Sustana ~15k time-vested.
Equity perf metrics: relative gross profit, return on tangible capital, TSR vs. peers (10); debt/EBITDA <1.25x.
Performance period: Dec 1, 2021 - Nov 30, 2024; peer group of 10 homebuilders.

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