---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-290031"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:31:30.106959+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Lennar cuts 2022 exec comp 11-12%; increases performance share target to 60th percentile

## Summary
- Total compensation for Executive Chairman reduced ~11% and Co-CEOs ~12% from FY2021.
- Short-term cash bonus capped at $6M for each Co-CEO and $7M for Executive Chairman.
- Incentive pay mix shifted to ~20% cash / 80% equity; performance shares now 65% of equity.
- Performance share target raised to 60th percentile on gross profit, ROIC, and TSR metrics.
- Lower-level associates received immediate upward compensation adjustments; no bonus pool established.

## SEC filing metadata
- accession: 0001193125-22-290031
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000119312522290031/0001193125-22-290031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000119312522290031/d386121d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-290031
- JSON: https://secwatch.observer/filing/0001193125-22-290031.json
- Plain text: https://secwatch.observer/filing/0001193125-22-290031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.