---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-008548"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2022-04-06T23:59:59+00:00"
generated_at: "2026-06-26T09:16:50.066204+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Lennar executives reduce cash bonuses by at least 25% to fund associate pool, adopt 50/50 cash-stock split

## Summary
- Executive Chairman Stuart Miller and Co-CEOs Rick Beckwitt and Jonathan Jaffe each reduce 2022 pretax cash bonus by minimum 25% to create pool for lower-compensated Lennar associates.
- All named executive officers and senior management contribute at varying percentages; Compensation Committee may increase contributions upward.
- If remaining cash bonus exceeds equity grant value, the excess is paid in stock to achieve 50/50 cash-stock split (60% performance shares, 40% restricted shares).
- Changes approved by Compensation Committee on April 6, 2022, under the 2016 Incentive Compensation Plan.

## SEC filing metadata
- accession: 0001628280-22-008548
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2022-04-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828022008548/0001628280-22-008548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828022008548/len-20220406.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-008548
- JSON: https://secwatch.observer/filing/0001628280-22-008548.json
- Plain text: https://secwatch.observer/filing/0001628280-22-008548.txt

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