secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001193125-23-289172
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar enters aircraft time-sharing agreements with Executive Chairman and Co-CEO
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- Stuart Miller and Jonathan Jaffe each entered aircraft time-sharing agreements with Lennar subsidiary U.S. Home, LLC on Dec 4, 2023.
- Executives will pay direct operating costs plus 100% of fuel expenses for personal flights from a $100,000 prepayment fund.
- Company retains sole discretion over scheduling and operational control; prior planned use takes precedence.
- Agreements supplement existing 2015/2017 arrangements; either party may terminate on 30 days' notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000119312523289172/0001193125-23-289172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000119312523289172/d58652d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289172

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