---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-004622"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T04:20:16.213094+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lennar declares Millrose spin-off dividend: 1 share per 2 Lennar shares; record and distribution dates set

## Summary
- Record date Jan 21, 2025; distribution prior to trading on Feb 7, 2025.
- Election period to choose Millrose Class B stock runs Jan 21 to Feb 3, 2025.
- When-issued trading in Millrose Class A under MRP WI expected Feb 5, 2025.
- Spin-off is taxable to Lennar stockholders; Millrose will list Class A on NYSE as MRP.
- Approximately 80% of Millrose stock will be distributed; spin-off is a step toward land-light model.

## SEC filing metadata
- accession: 0001193125-25-004622
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000119312525004622/0001193125-25-004622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000119312525004622/d917261d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-004622
- JSON: https://secwatch.observer/filing/0001193125-25-004622.json
- Plain text: https://secwatch.observer/filing/0001193125-25-004622.txt

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