LENNAR CORP /NEW/ 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table provides information about our repurchases of common stock during the three months ended February 28, 2022: Period: Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Number of Shares that may yet be Purchased under the Plans or Programs (2) December 1 to December 31, 2021 551,364 $ 108.31 551,364 20,857,596 January 1 to January 31, 2022 4,352,900 $ 100.65 4,352,900 16,504,696 February 1 to February 28, 2022 962,047 $ 86.65 363,736 16,140,960 (1) Includes shares of Class A common stock withheld by us to cover withholding taxes due, at the election of certain holders of nonvested shares, with market value approximating the amount of withholding taxes due. (2) In October 2021, the Board of Directors authorized an increase to our stock repurchase program to enable us to repurchase up to the lesser of an additional $1 billion in value, or 25 million in shares, of our outstanding Class A or Class B common stock. As a result of prior authorizations being almost exhausted, in March 2022, our Board of Directors approved an additional authorization for us to repurchase up to the lesser of $2 billion in value, or 30 million in shares, of our outstanding Class A or Class B common stock. The repurchase authorization has no expiration date. Items 3 - 5. Not Applicable 37 Item 6. Exhibits 10.1*** Lennar Corporation 2016 Incentive Compensation Plan, as Amended and Restated effective January 12, 2022 - Incorporated by reference to Exhibit 10.2 of the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2021. 10.2*** 2022 Award Agreements under the Company’s 2016 Incentive Compensation Plan, as amended, for Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette, Mr. McCall and Mr. Sustana - Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, dated February 28, 2022. 10.3*** Form of 2022 Award Agreement under the Company’s 2016 Equity Incentive Plan for Mr. Miller, Mr. Beckwitt, Mr. Jaffe, Ms. Bessette and Mr. McCall - Incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K, dated February 28, 2022. 31.1* Rule 13a-14(a) certification by Rick Beckwitt. 31.2* Rule 13a-14(a) certification by Jonathan M. Jaffe. 31.3* Rule 13a-14(a) certification by Diane Bessette. 32.* Section 1350 certifications by Rick Beckwitt, Jonathan M. Jaffe, and Diane Bessette. 101.* The following financial statements from Lennar Corporation's Quarterly Report on Form 10-Q for the quarter ended February 28, 2022, filed on April 1, 2022, were formatted in iXBRL (Inline eXtensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Operations and Comprehensive Income, (iii) Condensed Consolidated Statements of Cash Flows and (iv) the Notes to Condensed Consolidated Financial Statements. 101.INS* iXBRL Instance Document. 101.SCH* iXBRL Taxonomy Extension Schema Document. 101.CAL* iXBRL Taxonomy Extension Calculation Linkbase Document. 101.DEF* iXBRL Taxonomy Extension Definition. 101.LAB* iXBRL Taxonomy Extension Label Linkbase Document. 101.PRE* iXBRL Taxonomy Presentation Linkbase Document. 104** The cover page from Lennar Corporation's Quarterly Report on Form 10-Q for the quarter ended February 28, 2022 was formatted in iXBRL. * Filed herewith. ** Included in Exhibit 101. *** Management contract or compensatory plan or arrangement. 38 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Lennar Corporation (Registrant) Date: April 1, 2022 /s/ Diane Bessette Diane Bessette Vice President, Chief Financial Officer and Treasurer Date: April 1, 2022 /s/ David Collins David Collins Vice President and Controller 39