secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001193125-22-066148
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000119312522066148/0001193125-22-066148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000119312522066148/d320216d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-066148

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